Nokia 2009 Annual Report Download - page 144

Share Ownership of the Board of Directors
At December 31, 2009, the members of our Board of Directors held the aggregate of 1 626 314 shares
and ADSs in Nokia (not including stock options or other equity awards which are deemed as being
beneficially owned under applicable SEC rules), which represented 0.04% of our outstanding shares
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, 2009.
Name Shares
(1)
ADSs
(1)
Jorma Ollila
(2)
....................................................... 740970 —
Marjorie Scardino .................................................... — 26150
Georg Ehrnrooth
(3)
................................................... 327531 —
Lalita D. Gupte ...................................................... — 11322
Bengt Holmstro
¨m.................................................... 27118 —
Henning Kagermann .................................................. 10512 —
OlliPekkaKallasvuo
(4)
................................................ 383555 —
Per Karlsson
(3)
....................................................... 32073 —
Isabel MareySemper . . . .............................................. 5273 —
Risto Siilasmaa ...................................................... 48295 —
Keijo Suila .......................................................... 13515 —
(1)
The number of shares or ADSs includes not only shares or ADSs received as director compensation,
but also shares or ADSs 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 service 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, 2009, a total of 1 200 000 stock options. The information relating to stock options
held by Mr. Ollila as at December 31, 2009 is presented 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 30, 2009
(EUR)
2004 2Q December 31, 2009 11.79 400 000 — 0 0
2005 2Q December 31, 2010 12.79 400 000 — 0 0
2006 2Q December 31, 2011 18.02 325 000 75 000 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 30, 2009 of EUR 8.92.
(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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