Nokia 2006 Annual Report Download - page 106
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(5) Mr. Ollila resigned as CEO and Chairman of the Group Executive Board effective June 1, 2006, and
ceased employment with Nokia on that date. Mr. Korhonen resigned as member of the Group
Executive Board effective April 1, 2006 and ceased employment with Nokia on May 31, 2006. The
information relating to stock options held and retained by Mr. Ollila and Mr. Korhonen as of the
date of resignation from the Group Executive Board is represented in the table below.
Total Intrinsic Value of
Exercise Stock Options
Price per Number of Stock Options(2) (EUR)(8)
Stock Option Share
Category(1) Expiration Date (EUR) Exercisable Unexercisable Exercisable(4) Unexercisable
Jorma Ollila 2001 A/B December 31, 2006 36.75 1 000 000 0 0 0
(as per 2001 C 4Q/01 December 31, 2006 26.67 0 0 0 0
May 31, 2006)
(6)
2002 A/B December 31, 2007 17.89 937 500 62 500 0 0
2003 2Q December 31, 2008 14.95 550 000 250 000 968 000 440 000
2004 2Q December 31, 2009 11.79 175 000 225 000 861 000 1 107 000
2005 2Q December 31, 2010 12.79 0 400 000 0 1 568 000
2006 2Q December 31, 2011 18.02 0 400 000 0 0
Pertti Korhonen 2001 A/B December 31, 2006 36.75 30 000 0 0 0
(as per 2001 C 4Q/01 December 31, 2006 26.67 15 000 0 0 0
March 31, 2006)
(7)
2002 A/B December 31, 2007 17.89 61 250 8 750 0 0
2003 2Q December 31, 2008 14.95 31 250 18 750 66 563 39 938
2004 2Q December 31, 2009 11.79 18 750 31 250 99 188 165 313
2005 2Q December 31, 2010 12.79 0 60 000 0 257 400
(6) Mr. Ollila was entitled to retain all vested and unvested stock options granted to him prior to
June 1, 2006 as approved by the Board of Directors.
(7) Mr. Korhonen’s stock option grants were forfeited upon termination of employment in accordance
with the plan rules.
(8) The intrinsic value of the stock options is based on the difference between the exercise price of
the options and the closing market price of Nokia shares on the Helsinki Stock Exchange as of
May 31, 2006 of EUR 16.71 in respect of Mr. Ollila and as of March 31, 2006 of EUR 17.08 in
respect of Mr. Korhonen.
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