Nokia 2005 Annual Report Download - page 181

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Notes to the Consolidated Financial Statements (Continued)
24. Share-based payment (Continued)
Total stock options outstanding
Number of Weighted average Weighted average Aggregate intrinsic
shares exercise price share price value
EUR EUR EURm
Shares under option at
December 31, 2002 ......... 221,443,235 28.81 106
Granted(1) ................... 31,098,505 14.94
Exercised ................... 7,700,791 3.97 12.57
Forfeited .................... 5,847,332 25.23
Shares under option at
December 31, 2003 ......... 238,993,617 27.90 105
Granted .................... 7,172,424 11.88
Exercised ................... 781,338 8.33 12.49
Forfeited .................... 4,733,995 19.55
Expired ..................... 97,693,392 33.99
Shares under option at
December 31, 2004 ......... 142,957,316 23.29 4
Granted .................... 8,552,160 12.82
Exercised ................... 724,796 10.94 13.42
Forfeited .................... 5,052,794 17.86
Shares under option at
December 31, 2005 ......... 145,731,886 22.97 61
Options exercisable at
December 31, 2003 (shares) .... 148,150,370 31.88 18
Options exercisable at
December 31, 2004 (shares) .... 83,667,122 26.18 12
Options exercisable at
December 31, 2005 (shares) ... 112,095,407 25.33 17
(1) Includes options converted in acquisitions.
The weighted average grant date fair value per option granted was EUR 2.45 in 2005, EUR 2.59 in
2004 and EUR 3.48 in 2003.
The total intrinsic value of options exercised was EUR 2 million in 2005, EUR 3 million in 2004 and
EUR 66 million in 2003.
F-43