Nokia 2005 Annual Report Download - page 114

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Please find page 114 of the 2005 Nokia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Insiders’ Trading in Securities
The Board of Directors has established a policy in respect of insiders’ trading in Nokia securities.
Under the policy, the holdings of Nokia securities by the primary insiders (as defined in the policy)
are public information, which is available in the Finnish Central Securities Depositary and on the
company’s website. Both primary insiders and secondary insiders (as defined in the policy) are
subject to a number of trading restrictions and rules, including among other things, prohibitions
on trading in Nokia securities during the three-week ‘‘closed-window’’ period immediately
preceding the disclosure of our quarterly results and the four-week ‘‘closed-window’’ period
immediately preceding the disclosure of our annual results. In addition, Nokia may set trading
restrictions based on participation in projects. We update our insider trading policy from time to
time and monitor our insiders’ compliance with the policy on a regular basis. Nokia’s Insider
Policy is in line with the Helsinki Stock Exchange Guidelines for Insiders and also sets
requirements beyond these guidelines.
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