Nokia 2007 Annual Report Download - page 105

(5)
The change in pension value for Mr. Kallasvuo includes EUR 148 333 for the proportionate change
in the company’s liability related to the individual under the funded part of the Finnish TyEL pen
sion (see footnote 4 above). In addition, it includes EUR 808 000 for the change in liability in the
early retirement benefit at the age of 60 provided under his service contract.
(6)
All other compensation for Mr. Kallasvuo in 2007 includes: EUR 130 000 for his services as mem
ber of the Board of Directors, see also “—Board of Directors—Remuneration of the Board of
Directors in 2007” above; EUR 21 300 for car allowance; EUR 10 000 for financial counseling;
EUR 17 383 for a taxable benefit concerning payment of the Finnish transfer tax and related
grossup in respect of settlements under performance and restricted share plans made to all par
ticipants of those plans who were Finnish tax residents; and EUR 4 920 for driver and for mobile
phone.
(7)
Salaries, benefits and perquisites of Ms. McDowell and Mr. Simonson are paid and denominated
in USD. Amounts were converted to EUR using yearend 2007 USD/EUR exchange rate of 1.47. For
year 2006, amounts were converted to EUR using yearend 2006 USD/EUR exchange rate of 1.31.
(8)
All other compensation for Mr. Simonson in 2007 includes: EUR 10 544 company contributions to
the 401(k) plan, EUR 11 565 for car allowance, EUR 10 548 for financial counseling, EUR 9 691
provided as benefit under Nokia’s relocation policy and EUR 4 351 Employee Stock Purchase Plan
benefit.
(9)
All other compensation for Mr. Vanjoki in 2007 includes: EUR 22 020 for car allowance, EUR 16 984
taxable benefit concerning payment of the Finnish transfer tax and related grossup in respect of
settlements under performance and restricted share plans made to all participants of those plans
who were Finnish tax residents; EUR 10 000 for financial counseling and the remainder for
mobile phone.
(10)
All other compensation for Ms. McDowell in 2007 includes: EUR 9 184 company contributions to
the 401(k) plan, EUR 11 565 for car allowance, EUR 10 531 for financial counseling and the
remainder for benefit provided under Nokia’s relocation policy.
(11)
All other compensation for Mr. O
¨ista
¨mo ¨in 2007 includes: EUR 13 777 for car allowance, EUR 8 069
taxable benefit concerning payment of the Finnish transfer tax and related grossup in respect of
settlements under performance and restricted share plans made to all participants of those plans
who were Finnish tax residents; EUR 10 000 for financial counseling and the remainder for
mobile phone.
(*)
History has been provided for those data elements previously disclosed.
(**)
None of the named executive officers participated in a formulated, nondiscretionary incentive
plan. Annual incentive payments are included under the “Bonus” column.
Equity Grants in 2007
(1)
Name and Principal
Position Year
Grant
Date
Number of
Shares
underlying
Options
Grant
Price
(EUR)
Grant Date
Fair Value
(2)
(EUR)
Performance
Shares at
Threshold
(Number)
Performance
Shares at
Maximum
(Number)
Restricted
Shares
(Number)
Grant Date
Fair Value
(3)
(EUR)
Option Awards Stock Awards
OlliPekka Kallasvuo
President and CEO . . . ........ 2007 May 11 160 000 18.39 581 690 80 000 320 000 100 000 5 709 382
Richard Simonson
EVP and Chief Financial Officer . . 2007 May 11 55 000 18.39 199 956 27 500 110 000 35 000 1 978 385
Anssi Vanjoki
EVP,Markets............... 2007 May 11 55 000 18.39 199 956 27 500 110 000 35 000 1 978 385
Mary McDowell
EVP, Chief Development Officer . . 2007 May 11 55 000 18.39 199 956 27 500 110 000 35 000 1 978 385
Kai O
¨ista
¨mo ¨
EVP, Devices . . ............. 2007 May 11 55 000 18.39 199 956 27 500 110 000 35 000 1 978 385
104