Nokia 2006 Annual Report Download - page 179

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Notes to the Consolidated Financial Statements (Continued)
23. 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, 2003 ******** 238 993 617 27.90 10
Granted ********************* 7 172 424 11.88
Exercised ******************** 781 338 8.33 12.49 3
Forfeited********************* 4 733 995 19.55
Expired ********************** 97 693 392 33.99
Shares under option at
December 31, 2004 ******** 142 957 316 23.29 3
Granted ********************* 8 552 160 12.82
Exercised ******************** 724 796 10.94 13.42 2
Forfeited********************* 5 052 794 17.86
Shares under option at
December 31, 2005 ******** 145 731 886 22.97 61
Granted(1) ******************** 11 421 939 16.79
Exercised ******************** 3 302 437 13.71 16.70 10
Forfeited********************* 2 888 474 15.11
Expired ********************** 57 677 685 33.44
Shares under option at
December 31, 2006 ******** 93 285 229 16.28 63
Options exercisable at
December 31, 2004 (shares) 83 667 122 26.18 3
Options exercisable at
December 31, 2005 (shares) 112 095 407 25.33 17
Options exercisable at
December 31, 2006 (shares) 69 721 916 16.65 32
(1) Includes options converted in acquisitions.
The weighted average grant date fair value of options granted was EUR 3.65 in 2006, EUR 2.45 in
2005 and EUR 2.59 in 2004.
The options outstanding by range of exercise price at December 31, 2006 are as follows:
Options outstanding Vested options outstanding
Weighted
Weighted average average Weighted
remaining remaining average
Exercise prices Number of contractual life in Weighted average Number of contractual exercise price
EUR shares years exercise price EUR shares life in years EUR
0.68  11.79 ***** 6 407 858 3.68 10.98 3 302 237 3.32 11.01
12.06  14.86 **** 8 132 229 3.95 12.84 2 595 071 3.68 12.80
14.95  17.87 **** 24 150 595 2.06 14.96 18 790 492 2.00 14.96
17.89 ******* 44 643 161 1.00 17.89 44 555 120 1.00 17.89
18.02  42.85 **** 9 951 386 4.90 18.47 478 996 2.90 27.38
93 285 229 69 721 916
F44