Nokia 2009 Annual Report Download - page 240

23. Sharebased payment (Continued)
(1)
Includes also restricted shares granted under other than global equity plans. For further
information see “Other equity plans for employees” below.
(2)
The fair value of restricted shares is estimated based on the grant date market price of the
Company’s share less the present value of dividends, if any, expected to be paid during the
vesting period.
(3)
Includes grants assumed under “NAVTEQ Plan” (as defined below).
Other equity plans for employees
In addition to the global equity plans described above, the Group sponsors immaterial equity plans
for Nokiaacquired businesses or employees in the United States or Canada that do not result in an
increase in the share capital of Nokia. These plans are settled by using Nokia shares or ADSs acquired
from the market. When treasury shares are issued on exercise of stock options any gain or loss is
recognized in share issue premium.
On basis of these plans the Group had 0.3 million stock options outstanding on December 31, 2009.
The weighted average exercise price is USD 16.13.
In connection with our July 10, 2008 acquisition of NAVTEQ, the Group assumed NAVTEQ’s 2001 Stock
Incentive Plan (“NAVTEQ Plan”). All unvested NAVTEQ restricted stock units under the NAVTEQ Plan
were converted to an equivalent number of restricted stock units entitling their holders to Nokia
shares. The maximum number of Nokia shares to be delivered to NAVTEQ employees during the years
2008 — 2012 is approximately 3 million, of which approximately 1 million shares have already been
delivered by December 31, 2009. The Group does not intend to make further awards under the
NAVTEQ Plan.
F66
Notes to the Consolidated Financial Statements (Continued)