Nokia 2010 Annual Report Download - page 158

shares, restricted shares or any other equity based or otherwise variable compensation for their
duties as Board members.
For a description of our remuneration for our Board of Directors, see Item 6B “Compensation—Board
of Directors and Remuneration of the Board of Directors in 2010.”
The Nokia Leadership Team members receive equity based compensation in the form of performance
shares, stock options and restricted shares. For a description of our equitybased compensation
programs for employees and executives, see Item 6B. “Compensation—EquityBased Compensation
Programs.”
The following report discusses executive compensation in 2010 when the Nokia Leadership Team was
called the Group Executive Board, and thus all references are made to the Group Executive Board.
Share Ownership of the Board of Directors
At December 31, 2010, the members of our Board of Directors held the aggregate of 989 111 shares
and ADSs in Nokia, which represented 0.03% 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 the members of the Board of
Directors as at December 31, 2010.
Name
(1)
Shares
(2)
ADSs
(2)
Jorma Ollila
(3)
....................................................... 761680 —
Marjorie Scardino .................................................... — 33208
Lalita D. Gupte ...................................................... — 17910
Bengt Holmstro
¨m.................................................... 33235 —
Henning Kagermann .................................................. 16629 —
Per Karlsson
(4)
....................................................... 39367 —
Isabel MareySemper . . . .............................................. 11861 —
Risto Siilasmaa ...................................................... 55589 —
Keijo Suila .......................................................... 19632 —
(1)
Georg Ehrnrooth did not stand for reelection in the Annual General Meeting held on May 6, 2010
and he held 327 531 shares at that time, including both shares held personally and shares held
through a company. OlliPekka Kallasvuo left the Board of Directors on September 10, 2010 and he
held 389 672 shares at that time.
(2)
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. Stock options or other equity awards that
are deemed as being beneficially owned under the applicable SEC rules are not included.
(3)
For Jorma 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, 2010, a total of 400 000 stock options. The information relating to stock options
held by Mr. Ollila as at December 31, 2010 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, 2010
(EUR)
2005 2Q December 31, 2010 12.79 0 0 0 0
2006 2Q December 31, 2011 18.02 400 000 0 0 0
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