Nokia 2009 Annual Report Download - page 149

Nokia’s performance did not reach the threshold level of either performance criteria. Therefore
the shares deliverable at maximum equals zero for the Performance Share Plan 2007.
(4)
For Performance Share Plans 2008 and 2009 the value of performance shares is presented on the
basis of Nokia’s estimation of the number of shares expected to vest. The intrinsic value for the
Performance Share Plan 2009 is based on the closing market price of a Nokia share on NASDAQ
OMX Helsinki as at December 30, 2009 of EUR 8.92. For the Performance Share Plan 2007 no
Nokia shares were delivered as Nokia’s performance did not reach the threshold level of either
performance criteria.
(5)
Under the Restricted Share Plans 2007, 2008 and 2009, awards have been granted quarterly. For
the major part of the awards made under these plans, the restriction period will end for the
2007 plan, on January 1, 2011; and for the 2008 plan, on January 1, 2012 and for the 2009 plan,
on January 1, 2013.
(6)
The intrinsic value is based on the closing market price of a Nokia share on NASDAQ OMX Helsinki
as at December 30, 2009 of EUR 8.92.
(7)
Mr. Andersson, left the Group Executive Board as of September 30, 2009 to head Nokia Corporate
Alliances and Business Development. Mr. BeresfordWylie left the Group Executive Board as of
September 30, 2009 and ceased employment with Nokia Siemens Networks on November 1,
2009. From April 1, 2007, Mr. BeresfordWylie has participated in a longterm cash incentive plan
sponsored by Nokia Siemens Networks instead of the longterm equitybased plans of Nokia. The
information related to performance shares and restricted shares held by Mr. Andersson and
Mr. BeresfordWylie as of the date of resignation from the Group Executive Board is represented
in the table below.
Name
Plan
Name
(1)
Number of
Performance
Shares at
Threshold
(2)
Number of
Performance
Shares at
Maximum
(3)(4)
Intrinsic
Value
(EUR)
(10)
Plan
Name
(5)
Number of
Restricted
Shares
Intrinsic
Value
(EUR)
(10)
Performance Shares Restricted Shares
Robert Andersson
(8)
(as per
September 30, 2009) . . . . . . 2007 0 0 0 2006 20 000 201 000
2008 10 000 40 000 0 2007 25 000 251 250
2009 2 500 10 000 50 250 2008 7 000 70 350
Simon BeresfordWylie
(9)
. . . . . — — — — 2006 25 000 251 250
(as per September 30, 2009)
(8)
Mr. Andersson remained with Nokia and thus is entitled to retain performance shares and
restricted shares granted to him prior to leaving the Group executive Board as of September 30,
2009.
(9)
Mr. BeresfordWylie’s performance and restricted shares grants were forfeited upon termination
of employment in accordance with the plan rules.
(10)
The intrinsic value is based on the closing market price of a Nokia share on NASDAQ OMX Helsinki
as at September 30, 2009 of EUR 10.05.
(11)
The threshold number will vest as Nokia shares should the predetermined threshold
performance levels be met. No Nokia shares were delivered under the Performance Share Plan
2007 as Nokia’s performance did not reach the threshold level of either performance criteria.
Therefore the aggregate number does not include any shares for Performance Share Plan 2007.
(12)
The maximum number will vest as Nokia shares should the predetermined maximum
performance levels be met. The maximum number of performance shares equals four times the
number at threshold. No Nokia shares were delivered under the Performance Share Plan 2007 as
Nokia’s performance did not reach the threshold level of either performance criteria. Therefore
the aggregate number does not include any shares for Performance Share Plan 2007.
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