Nokia 2008 Annual Report Download - page 117

Share Ownership of the Board of Directors
At December 31, 2008, the members of our Board of Directors held the aggregate of 1 235 024 shares
and ADSs in Nokia (not including stock options or other equity awards that are deemed as being
beneficially owned under applicable SEC rules), which represented 0.03% of our outstanding share
capital and total voting rights excluding shares held by Nokia Group at that date.
The following table sets forth the number of shares and ADSs held by members of the Board of
Directors as at December 31, 2008.
Shares
(1)
ADSs
Jorma Ollila
(2)
....................................................... 558043 —
Marjorie Scardino .................................................... — 20501
Georg Ehrnrooth
(3)
................................................... 321693 —
Lalita D. Gupte ...................................................... — 6049
Bengt Holmstro
¨m.................................................... 22222 —
Henning Kagermann .................................................. 5616 —
OlliPekkaKallasvuo
(4)
................................................ 223024 —
Per Karlsson
(3)
....................................................... 26235 —
Risto Siilasmaa ...................................................... 43022 —
Keijo Suila .......................................................... 8619 —
(1)
The number of shares includes not only shares acquired as compensation for services rendered as
a member of the Board of Directors, but also shares acquired by any other means.
(2)
For Mr. Ollila, this table includes his share ownership only. Mr. Ollila was entitled to retain all
vested and unvested stock options, performance shares and restricted shares granted to him in
respect of his services as the CEO of Nokia prior to June 1, 2006 as approved by the Board of
Directors. Therefore, in addition to the abovepresented share ownership, Mr. Ollila held, as at
December 31, 2008, a total of 1 700 000 stock options, 200 000 performance shares (at
threshold), and 100 000 restricted shares. The information relating to stock options held by
Mr. Ollila as at December 31, 2008 is represented in the table below.
Stock Option
Category Expiration Date
Exercise
Price per
Share
(EUR) Exercisable Unexercisable Exercisable Unexercisable
Number of Stock Options
Total Intrinsic Value of
Stock Options,
December 31, 2008
(EUR)
2003 2Q December 31, 2008 14.95 500 000 — 0 0
2004 2Q December 31, 2009 11.79 400 000 — 0 0
2005 2Q December 31, 2010 12.79 325 000 75 000 0 0
2006 2Q December 31, 2011 18.02 225 000 175 000 0 0
The number of stock options in the above table equals the number of underlying shares
represented by the option entitlement. Stock options vest over four years: 25% after one year and
6.25% each quarter thereafter. The intrinsic value of the stock options in the above table is based
on the difference between the exercise price of the options and the closing market price of Nokia
shares on NASDAQ OMX Helsinki as at December 31, 2008 of EUR 11.10.
(3)
Mr. Ehrnrooth’s and Mr. Karlsson’s holdings include both shares held personally and shares held
through a company.
(4)
For Mr. Kallasvuo, this table includes his share ownership only. Mr. Kallasvuo’s holdings of long
term equitybased incentives are outlined below in “—Stock Option Ownership of the Group
Executive Board” and “—Performance Shares and Restricted Shares.”
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