Nokia 2007 Annual Report Download - page 120

the predetermined maximum performance levels be met. The maximum number of performance
shares equals four times the number originally granted (at threshold). Due to the interim payout
(at threshold) in 2006 and based on the actual level of the performance criteria for the perfor
mance period, the number of Nokia shares deliverable under the performance share plan 2004
equals 2.39 times the number of performance shares originally granted (at threshold). Due to the
interim payout (at threshold) in 2007, the maximum number of Nokia shares deliverable under
the performance share plan 2005 equals three times the number of performance shares originally
granted (at threshold).
(3)
The intrinsic value is based on the closing market price of a Nokia share on the Helsinki Stock
Exchange as at December 28, 2007 of EUR 26.52. The value of performance shares is presented on
the basis of Nokia’s estimation of the number of shares expected to vest. For performance share
plan 2004 the value of performance shares is presented on the basis of actual number of shares
expected to vest.
(4)
Under the restricted share plans 2004, 2005, 2006 and 2007 awards have been granted quarterly.
For the major part of the awards made under these plans the restriction period ended for the
2004 plan on October 1, 2007; and will end for the 2005 plan, on October 1, 2008; for the 2006
plan, on October 1, 2009; and for the 2007 plan, on October 1, 2010.
(5)
The intrinsic value is based on the closing market price of a Nokia share on the Helsinki Stock
Exchange as at December 28, 2007 of EUR 26.52.
(6)
From April 1, 2007, Mr. BeresfordWylie has participated in a longterm cash incentive plan spon
sored by Nokia Siemens Networks instead of the longterm equitybased plans of Nokia.
For gains realized upon exercise of stock options or delivery of Nokia shares on the basis of
performance shares and restricted shares granted to the members of the Group Executive Board, see
the table in “—Stock Option Exercises and Settlement of Shares” below.
Stock Option Exercises and Settlement of Shares
The following table provides certain information relating to stock option exercises and share
deliveries upon settlement during the year 2007 for our Group Executive Board members.
Name Year
Options
Exercised
(Number)
Value
Realized
(EUR)
Shares
Delivered
(Number)
Value
Realized
(EUR)
Shares
Delivered
(Number)
Value
Realized
(EUR)
Stock Option
Awards
(1)
Performance Share
Awards
(2)
Restricted Share
Awards
(3)
OlliPekka Kallasvuo . . . . . . . . . . 2007 175 000 150 518 15 000 301 500 35 000 651 000
Robert Andersson . . . . . . . . . . . . 2007 73 000 381 620 3 000 60 300 15 000 388 200
Simon BeresfordWylie . . . . . . . . 2007 6 000 87 300 15 000 301 500 — —
Timo Ihamuotila . . . . . . . . . . . . 2007 30 223 218 849 3 600 72 360 15 000 388 200
Mary McDowell . . . . . . . . . . . . . . 2007 — — 15 000 301 500 20 000 331 600
Hallstein Moerk . . . . . . . . . . . . . 2007 83 750 707 937 10 000 201 000 20 000 372 000
Kai O
¨ista
¨mo ¨. . . . . . . . . . . . . . . . 2007 23 989 121 392 3 200 64 320 15 000 388 200
Tero Ojanpera
¨. . . . . . . . . . . . . . . 2007 14 500 151 380 10 000 201 000 15 000 388 200
Niklas Savander . . . . . . . . . . . . . 2007 64 180 427 001 3 500 70 350 16 500 427 020
Richard Simonson. . . . . . . . . . . . 2007 15 000 42 750 15 000 301 500 25 000 465 000
Veli Sundba
¨ck . . . . . . . . . . . . . . . 2007 40 000 209 350 10 000 201 000 20 000 372 000
Anssi Vanjoki . . . . . . . . . . . . . . . 2007 156 250 1 461 900 15 000 301 500 35 000 651 000
(1)
Value realized on exercise is based on the total gross value received in 2007 in respect of stock
options sold on the Helsinki Stock Exchange (transferable stock options) and on the difference
between the Nokia share price and exercise price of options (nontransferable stock options).
(2)
Represents interim payout at threshold for the 2005 performance share grant. Value is based on
the market price of the Nokia share on the Helsinki Stock Exchange as at May 21, 2007 of
EUR 20.10.
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