Nokia 2003 Annual Report Download - page 85

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Number of shares represented by unexercisable options as of
December 31, 2003
2001 C
2001 B(2) 4Q/01(3) 2002 B(4) 2003 2Q(5)
Exercise price per share ................ EUR 36.75 EUR 26.67 EUR 17.89 EUR 14.95
Jorma Ollila ........................... 437 500 281 250 687 500 800 000
Pekka Ala-Pietil¨
a....................... 109 375 70 314 171 875 170 000
Matti Alahuhta ........................ 43 750 28 125 120 313 120 000
Sari Baldauf .......................... 43 750 28 125 120 313 120 000
J.T. Bergqvist .......................... 17 500 11 250 48 125 50 000
Olli-Pekka Kallasvuo .................... 43 750 28 125 120 313 120 000
Pertti Korhonen ....................... 13 125 8 439 48 125 50 000
Yrj¨
o Neuvo ........................... 30 625 19 689 48 125 40 000
Veli Sundb¨
ack......................... 17 500 11 250 27 500 50 000
Anssi Vanjoki ......................... 30 625 19 689 68 750 100 000
(1) Each 1999 A, B and C option originally granted entitles the holder to subscribe for four shares
of Nokia stock. The exercise price per share and the number of shares for the 1999 A, B and C
options have been adjusted for the share split that took place in April 2000.
(2) Each 2001 A and B option originally granted entitles the holder to subscribe for one share of
Nokia stock. The 2001 A and B options were 25% exercisable on July 1, 2002. An additional
6.25% of the original grant amount becomes exercisable each calendar quarter thereafter, so
that the options will be fully exercisable on July 1, 2005. As of December 31, 2003, of the
original grant of 2001 A and B options, 56.25% was vested and exercisable.
(3) Each 2001 C option originally granted entitles the holder to subscribe for one share of Nokia
stock. The 2001 C options were 25% exercisable on January 1, 2003 and an additional 6.25%
will be exercisable each calendar quarter thereafter, so that the options will be fully
exercisable on January 2, 2006. As of December 31, 2003, of the original grant of 2001 C
options, 43.75% was vested and exercisable.
(4) Each 2002 A and B option originally granted entitles the holder to subscribe for one share of
Nokia stock. The 2002 A and B options were 25% exercisable on July 1, 2003 and an additional
6.25% will be exercisable each calendar quarter thereafter, so that the options will be fully
exercisable on July 3, 2006. As of December 31, 2003, of the original grant of 2002 A and B
options, 31.25% was vested and exercisable.
(5) Each 2003 option originally granted entitles the holder to subscribe for one share of Nokia
stock. The 2003 options will be 25% exercisable on July 1, 2004 and an additional 6.25% will
be exercisable each calendar quarter thereafter, so that the options will be fully exercisable on
July 2, 2007. As of December 31, 2003, of the original grant of 2003 options none was vested
and exercisable.
On December 31, 2003, the aggregate holdings of exercisable stock options of members of the
Group Executive Board (not including the new Group Executive Board members whose service
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