Nokia 2010 Annual Report Download - page 164

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(13)
The threshold number will vest as Nokia shares should the predetermined threshold
performance levels to be met for both performance criteria. No Nokia shares were delivered
under the Performance Share Plan 2008 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 2008.
(14)
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 2008 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 2008.
Stock Option Exercises and Settlement of Shares
The following table provides certain information relating to stock option exercises and share
deliveries upon settlement during the year 2010 for our Group Executive Board members.
Name
(4)
Number of
Shares
Acquired on
Exercise
Value
Realized on
Exercise
(EUR)
Number of
Shares
Delivered on
Vesting
Value
Realized
on
Vesting (EUR)
Number of
Shares
Delivered on
Vesting
Value
Realized on
Vesting
(EUR)
Stock Options
Awards
(1)
Performance Shares
Awards
(2)
Restricted Shares
Awards
(3)
Stephen Elop . . . ............. 0 0.00 0 0.00 0 0
EskoAho................... 0 0.00 0 0.00 0 0
Timo Ihamuotila. ............. 0 0.00 0 0.00 25 000 196 500
Mary T. McDowell ............. 0 0.00 0 0.00 35 000 275 100
Tero Ojanpera
¨................ 0 0.00 0 0.00 25 000 196 500
Niklas Savander . ............. 0 0.00 0 0.00 25 000 196 500
Alberto Torres . . ............. 0 0.00 0 0.00 0 0
Juha A
¨kra
¨s.................. 0 0.00 0 0.00 0 0
Kai O
¨ista
¨mo
¨................. 0 0.00 0 0.00 35 000 275 100
(1)
Value realized on exercise is based on the difference between the Nokia share price and exercise
price of options.
(2)
No Nokia shares were delivered under the Performance Share Plan 2007 during 2010 as Nokia’s
performance did not reach the threshold level of either performance criteria.
(3)
Delivery of Nokia shares vested from the Restricted Share Plan 2007. Value is based on the closing
market price of the Nokia share on NASDAQ OMX Helsinki on October 27, 2010 of EUR 7.86.
(4)
During 2010, the following executives stepped down from the Group Executive Board: OlliPekka
Kallasvuo, Richard Simonson, Hallstein Moerk and Anssi Vanjoki. The information regarding stock
option exercises and settlement of shares regarding each of the former executives is as of the
date of resignation from the Group Executive Board and is represented in the table below.
Name Year
Number of
Shares
Acquired on
Exercise
Value
Realized on
Exercise
(EUR)
Number of
Shares
Delivered on
Vesting
Value
Realized
on
Vesting (EUR)
Number of
Shares
Delivered on
Vesting
Value
Realized on
Vesting
(EUR)
Stock Options
Awards
(1)
Performance Shares
Awards
(2)
Restricted Shares Awards
(3)
OlliPekka Kallasvuo as per
September 20, 2010 ....... 2010 0 0.00 0 0.00 0 0.00
Richard Simonson as per
June 30, 2010 ............ 2010 0 0.00 0 0.00 0 0.00
Anssi Vanjoki as per
October 12, 2010 ......... 2010 0 0.00 0 0.00 35 000 275 100
Hallstein Moerk as per
March 31, 2010 ........... 2010 0 0.00 0 0.00 0 0.00
163