Nokia 2012 Annual Report Download - page 174

(9) During 2012, the following executives stepped down from the Nokia Leadership Team: Jerri
DeVard, Colin Giles, Mary T. McDowell, Niklas Savander and Esko Aho. The information related
to performance shares and restricted shares held by each of the former executives is as of the
date of resignation from the Nokia Leadership Team and is presented in the table below.
Performance Shares Restricted Shares
Name
Plan
Name(1)
Number of
Performance
Shares at
Threshold(13)
Number of
Performance
Shares at
Maximum(14)
Intrinsic
Value
(EUR)(12)
Plan
Name(5)
Number of
Restricted
Shares
Intrinsic
Value
(EUR)(12)
Jerri DeVard (10) as per June 30,
2012 ........................... 2011 22 500 90 000 0 2011 100 000 162 000
Colin Giles(11) as per June 30,
2012 ........................... 2009 20 000 32 400
2010 12 500 50 000 0 2010 55 000 89 100
2011 22 500 90 000 0 2011 35 000 56 700
2012 60 000 97 200
Mary T. McDowell (11) as per
June 30, 2012 ................... 2010 30 000 120 000 0 2010 115 000 186 300
2011 35 000 140 000 0 2011 50 000 81 000
0 2012 100 000 162 000
Niklas Savander (11) as per June 30,
2012 ........................... 2010 30 000 120 000 0 2010 115 000 186 300
2011 35 000 140 000 0 2011 50 000 81 000
2012 120 000 194 400
Esko Aho (11) as per August 31,
2012 ........................... 2010 15 000 60 000 0 2010 58 000 131 080
2011 15 000 60 000 0 2011 23 000 51 980
2012 20 000 80 000 90 400 2012 30 000 67 800
(10) Ms. DeVard’s equity will be forfeited and cancelled upon termination of employment in accordance
with the plan rules.
(11) Mr. Giles’, Ms. McDowell’s, Mr. Savander’s and Mr. Aho’s stock option grants were forfeited and
cancelled upon their respective terminations of employment in accordance with the plan rules.
(12) The intrinsic value is based on the closing market price of a Nokia share on NASDAQ OMX
Helsinki as at June 29, 2012 of EUR 1.62 in respect of Ms. DeVard, Mr. Giles, Ms. McDowell and
Mr. Savander and as at August 31, 2012 of EUR 2.26 in respect of Mr. Aho.
(13) The threshold number will vest as Nokia shares should the pre-determined threshold performance
levels be met for both performance criteria. No Nokia shares were delivered under the
Performance Share Plan 2010, as Nokia’s performance did not reach the threshold level of either
performance criteria.
(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 2010, as
Nokia’s performance did not reach the threshold level of either performance criteria.
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