Nokia 2003 Annual Report Download - page 143

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Notes to the Consolidated Financial Statements (Continued)
21. The shares of the Parent Company (Continued)
Information relating to stock options during 2003, 2002 and 2001 are as follows:
Number of Weighted average
shares exercise price(1)
Shares under option at December 31, 2000 ................. 184,531,757 19.71
Granted(2) .............................................. 72,644,065 31.78
Exercised .............................................. 24,790,689 3.54
Forfeited .............................................. 4,385,380 31.09
Shares under option at December 31, 2001 ................. 227,999,753 25.71
Granted ............................................... 51,127,314 17.96
Exercised .............................................. 51,586,807 3.61
Forfeited .............................................. 6,097,025 33.51
Shares under option at December 31, 2002 ................. 221,443,235 28.81
Granted ............................................... 31,098,505 14.94
Exercised .............................................. 7,700,791 3.97
Forfeited .............................................. 5,847,332 25.23
Shares under option at December 31, 2003 ................. 238,993,617 27.90
Options exercisable at December 31, 2001 (shares) ............. 106,300,988 9.53
Options exercisable at December 31, 2002 (shares) ............. 107,721,842 27.92
Options exercisable at December 31, 2003 (shares) ........... 148,150,370 31.88
(1) Weighted average exercise price, calculated for options where exercise price is known.
(2) Includes options converted in acquisitions.
The options outstanding by range of exercise price at December 31, 2003 are as follows:
Options outstanding Vested options outstanding
Weighted average
remaining
contractual life in Weighted average Weighted average
Exercise prices Number of shares years exercise price Number of shares exercise price
EUR EUR EUR
0.30–14.72 2,647,598 6.25 9.02 2,038,575 7.92
14.95 30,301,723 3.39 14.95
14.97–17.29 47,143,267 1.00 16.88 47,086,191 16.88
17.89 47,257,409 2.60 17.89 14,999,068 17.89
18.18–26.67 20,379,501 2.24 26.59 9,552,830 26.53
28.87–36.15 12,950,428 1.06 29.15 12,945,688 29.15
36.75 39,574,791 2.32 36.75 22,835,620 36.75
38.09–56.28 38,738,900 1.02 56.17 38,692,398 56.14
238,993,617 148,150,370
General information about our stock option plans
Shares subscribed for pursuant to the stock options described above will entitle the holder to a
dividend for the financial year in which the subscription occurs. Other shareholder rights will
commence on the date on which the share subscription is entered in the Finnish Trade Register.
F-34