Nokia 2011 Annual Report Download - page 185

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 2011 for our Nokia Leadership Team members.
Stock Options
Awards(1)
Performance Shares
Awards(2)
Restricted Shares
Awards(3)(4)
Name(5)
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)
Stephen Elop ......... 0 0.00 0 0.00 0 0
Esko Aho ............ 0 0.00 0 0.00 0 0
Jerri DeVard .......... 0 0.00 0 0.00 0 0
Colin Giles ........... 0 0.00 0 0.00 13 000(3) 82 550
Michael Halbherr ...... 0 0.00 0 0.00 0 0
Jo Harlow ............ 0 0.00 0 0.00 4 000(3) 25 400
Timo Ihamuotila ....... 0 0.00 0 0.00 14 000(4) 68 600
Mary T. McDowell ..... 0 0.00 0 0.00 20 000(4) 98 000
Louise Pentland ....... 0 0.00 0 0.00 3 000(3) 19 050
8 500(4) 41 650
Niklas Savander ....... 0 0.00 0 0.00 20 000(4) 98 000
Henry Tirri ............ 0 0.00 0 0.00 5 000(3) 31 750
Juha Äkräs ........... 0 0.00 0 0.00 4 000(3) 25 400
Kai Öistämö .......... 0 0.00 0 0.00 22 000(4) 107 800
(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 2008 during 2011 as Nokia’s
performance did not reach the threshold level of either performance criteria.
(3) Represents the payout for the 2007 Restricted Share Plan. Value is based on the average market
price of the Nokia share on NASDAQ OMX Helsinki on February 23, 2011 of EUR 6.35.
(4) Represents the payout for the 2008 Restricted Share Plan. Value is based on the average market
price of the Nokia share on NASDAQ OMX Helsinki on October 26, 2011 of EUR 4.90.
(5) During 2011, the following executives stepped down from the Nokia Leadership Team: Alberto
Torres, Richard Green and Tero Ojanperä. 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 Nokia Leadership Team and is represented in the table below.
Stock Options
Awards(1) Performance Shares Awards(2) Restricted Shares Awards(3)
Name
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)
Alberto Torres as per
February 10, 2011 .... 0 0.00 0 0.00 13 000(3) 82 550
Richard Green as per
September 21, 2011 . . 0 0.00 0 0.00 0 0
Tero Ojanperä as per
September 30, 2011 . . 0 0.00 0 0.00 0 0
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