Nokia 2008 Annual Report Download - page 107

EUR 11 103 for taxable benefit for premiums paid under supplemental medical and disability
insurance, EUR 3 416 for driver and for mobile phone.
(8)
Salaries, benefits and perquisites of Ms. McDowell and Mr. Simonson are paid and denominated
in USD. Amounts were converted to euro using yearend 2008 USD/EUR exchange rate of 1.40.
For year 2007 disclosure, amounts were converted to euro using yearend 2007 USD/EUR
exchange rate of 1.47.
(9)
All other compensation for Mr. Simonson in 2008 includes: EUR 64 405 company contributions to
the Restoration & Deferral plan, EUR 11 083 company contributions to the 401(k) plan,
EUR 12 156 for car allowance, EUR 11 621 for financial counseling, EUR 7 365 imputed income
under the Employee Stock Purchase Plan.
(10)
All other compensation for Mr. BeresfordWylie in 2008 includes: EUR 600 000 for a special
onetime bonus for the successful retention and integration of Nokia Siemens Networks,
EUR 105 158 provided as a benefit under Nokia Siemens Networks relocation policy, EUR 13 380
for car allowance, EUR 10 000 for financial counseling, and the remainder for mobile phone.
(11)
All other compensation for Mr. Vanjoki in 2008 includes: EUR 22 200 for car allowance,
EUR 10 000 for financial counseling, EUR 1 112 taxable benefit for premiums paid under
supplemental medical and disability insurance and the remainder for mobile phone.
(12)
All other compensation for Ms. McDowell in 2008 includes: EUR 12 156 for car allowance,
EUR 11 438 for financial counseling and EUR 9 868 company contributions to the 401(k) plan.
(*) None of the named executive officers participated in a formulated, nondiscretionary, incentive
plan. Annual incentive payments are included under the “Bonus” column.
(**) History has been provided for those data elements previously disclosed.
Equity Grants in 2008
(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............ 2008 May 9 115 000 19.16 548 153 57 500 230 000 75 000 2 470 858
Richard Simonson
EVP and Chief Financial
Officer . . .................. 2008 May 9 32 000 19.16 152 529 16 000 64 000 22 000 699 952
Simon BeresfordWylie
(4)
CEO, Nokia Siemens
Networks .................. 2008 — — — — — — — —
Anssi Vanjoki
EVP, Head of Markets . . ........ 2008 May 9 32 000 19.16 152 529 16 000 64 000 22 000 699 952
Mary McDowell
EVP, Chief Development Officer . . . 2008 May 9 28 000 19.16 133 463 14 000 56 000 20 000 620 690
(1)
Including all equity awards made during 2008. Awards were made under the Nokia Stock Option
Plan 2007, the Nokia Performance Share Plan 2008 and the Nokia Restricted Share Plan 2008,
respectively.
(2)
The fair values of stock options equal the estimated fair value on the grant date, calculated using
the BlackScholes model. The stock option exercise price is EUR 19.16. NASDAQ OMX Helsinki
closing market price at the grant date was EUR 18.69.
(3)
The fair value of performance shares and restricted shares equals the estimated fair value on
grant date. The estimated fair value is based on the grant date market price of the Nokia share
less the present value of dividends expected to be paid during the vesting period. The value of
performance shares is presented on the basis of a number of shares, which is two times the
number at threshold.
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