Nokia 2013 Annual Report Download - page 140

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NOKIA IN 2013
138
Performance shares Restricted shares
Number of Number of Number
performance performance Intrinsic of Intrinsic
Plan shares at shares at value 9 Plan restricted value 9
Name name 1 threshold 10 maximum 11 EUR name 5 shares EUR
Marko Ahtisaari 8
as per October 31, 2013 2010 30 000 167 100
2011 15 000 60 000 0 2011 23 000 128 110
2012 57 500 230 000 0 2012 75 000 417 750
2013 75 000 300 000 0 2013 90 000 501 300
Mr. Ahtisaari’s equity grants were forfeited and cancelled upon his termi-
nation of employment as of May ,  in accordance with the plan rules.
The intrinsic value is based on the closing market price of a Nokia share on
NASDAQ OMX Helsinki as at October , , of EUR ..
 The threshold number will vest as Nokia shares, subject to the pre-
determined threshold performance levels being met with respect to the
applicable performance criteria. No Nokia shares were delivered under
the Nokia Performance Share Plan , which would have vested in ,
as Nokia’s performance did not reach the threshold level with respect to
the applicable performance criteria. Therefore, the shares deliverable at
threshold equaled zero for the Nokia Performance Share Plan . There
will also be no payout from the Nokia Performance Share Plan  as
the requisite threshold level with respect to the applicable performance
criteria was not reached. Therefore, the shares deliverable at threshold
equals zero for the Nokia Performance Share Plan .
 The maximum number will vest as Nokia shares, subject to the pre-
determined maximum performance levels being met with respect to the
applicable performance criteria. The maximum number of performance
shares equals four times the number at threshold. No Nokia shares
were delivered under the Nokia Performance Share Plan , as Nokia’s
performance did not reach the requisite threshold level with respect to
the applicable performance criteria. Therefore, the shares deliverable at
maximum equaled zero for the Nokia Performance Share Plan . There
will also be no payout from the Nokia Performance Share Plan  as
the requisite threshold level with respect to the applicable performance
criteria was not reached. Therefore, the shares deliverable at maximum
equals zero for the Nokia Performance Share Plan .
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  for our Nokia Leadership Team members.
Stock options Performance shares Restricted shares
awards
1 awards
2 awards
Numberof Value Numberof Value Numberof Value
shares realizedon shares realized on shares realizedon
acquiredon exercise deliveredon vesting deliveredon vesting
Name 5 exercise EUR vesting EUR vesting EUR
Timo Ihamuotila 0 0 0 0 10000 3 29000
45000 4 118350
Stephen Elop 0 0 0 0 0 0
Michael Halbherr 0 0 0 0 10500 3 30450
Jo Harlow 0 0 0 0 20000 3 58000
Louise Pentland 0 0 0 0 23000 4 60490
Juha Putkiranta 0 0 0 0 20000 3 58000
Henry Tirri 0 0 0 0 20000 3 58000
Timo Toikkanen 0 0 0 0 15000 3 43500
Chris Weber 0 0 0 0 0 0
Juha Äkräs 0 0 0 0 15000 3 43500
30000 4 78900
Kai Öistämö 0 0 0 0 45000 4 118350
Value realized on exercise is based on the difference between the Nokia
share price and exercise price of options.
No Nokia shares were delivered under the Nokia Performance Share Plan
 during  as Nokia’s performance did not reach the requisite
threshold level with respect to applicable performance criteria.
Represents the delivery of Nokia shares vested from the Nokia Restricted
Share Plan . Value is based on the average market price of the Nokia
share on NASDAQ OMX Helsinki on February ,  of EUR ..
Represents the delivery of Nokia shares vested from the Nokia Restricted
Share Plan . Value is based on the average market price of the Nokia
share on NASDAQ OMX Helsinki on April ,  of EUR ..
During , Marko Ahtisaari stepped down from the Nokia Leadership
Team. The information regarding stock option exercises and settlement
of shares regarding Mr. Ahtisaari is as of the date of resignation from the
Nokia Leadership Team and is represented in the table below.