Nokia 2012 Annual Report Download - page 155

(14) Ms. McDowell’s and Mr. Savander’s equity grants were forfeited and cancelled upon their
respective terminations of employment in accordance with plan rules.
(15) All other compensation for Mr. Savander in 2012 includes: EUR 20 820 for car allowance;
EUR 3 070 for home security and EUR 1 663 taxable benefit for premiums paid under
supplemental medical and disability insurance and for mobile phone and driver.
Equity Grants in 2012(1)
Option Awards Stock Awards
Name and Principal
Position Year
Grant
Date
Number of
Shares
underlying
Options
Grant
Price
(EUR)
Grant Date
Fair Value(2)
(EUR)
Performance
Shares at
Threshold
(Number)
Performance
Shares at
Maximum
(Number)
Restricted
Shares
(Number)
Grant Date
Fair Value (3)
(EUR)
Stephen Elop,
President and CEO ......2012 May 11 700 000 2.44 497 350
June 30 350 000 1 400 000
March 31 500 000 2 631 400
Timo Ihamuotila, EVP,
Chief Financial Officer ....2012 May 11 150 000 2.44 106 575
June 30 75 000 300 000
March 31 100 000 539 300
Jo Harlow, EVP,
Smart Devices ..........2012 May 11 150 000 2.44 106 575
June 30 75 000 300 000
March 31 100 000 539 300
Michael Halbherr, EVP,
Location & Commerce . . . 2012 May 11 150 000 2.44 106 575
June 30 75 000 300 000
March 31 100 000 539 300
Louise Pentland, EVP,
Chief Legal Officer ......2012 May 11 115 000 2.44 81 708
June 30 57 500 230 000
March 31 75 000 407 730
Mary T. McDowell, EVP,
Mobile Phones, until
June 30, 2012 (4) ........2012 May 11 150 000 2.44 106 575
June 30 75 000 300 000
March 31 100 000 539 300
Niklas Savander, EVP,
Markets, until June 30,
2012 (4) ................2012 May 11 180 000 2.44 127 890
June 30 90 000 360 000
March 31 120 000 647 160
(1) Including all equity awards made during 2012. Awards were made under the Nokia Stock Option
Plan 2011, the Nokia Performance Share Plan 2012 and the Nokia Restricted Share Plan 2012.
(2) The fair value of stock options equals the estimated fair value on the grant date, calculated using
the Black-Scholes model. The stock option exercise price was EUR 2.44 on May 11, 2012.
NASDAQ OMX Helsinki closing market price was EUR 2.52 at grant date on May 11, 2012.
(3) The fair value of performance shares and restricted shares equals the estimated fair value on
grant date. The estimated fair value is based on the grant date market price of the Nokia share
less the present value of dividends, if any, expected to be paid during the vesting period. The
value of performance shares is presented on the basis of a number of shares, which is two times
the number at threshold.
(4) Ms. McDowell’s and Mr. Savander’s equity grants were forfeited and cancelled upon their
respective terminations of employment in accordance with plan rules.
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