Siemens 2005 Annual Report Download - page 74

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Directors’ dealings of Managing Board and Supervisory Board
Pursuant to § 15a of the German Securities Trading Act (WpHG) in effect during the reporting
period, members of the Managing and Supervisory Boards were required to disclose purchases
or sales of shares or options of Siemens AG if the total amount of transactions of a board member
and any closely associated person is at least €5,000 during any calendar year. The following
transactions were executed in fiscal 2005 and reported to Siemens:
Number of Price
Trading Day Name Function Security WKN/ISIN Trade Securities in € Comment
8/1/2005 Johannes Feldmayer Managing Board Siemens Share 7236101 Sale 12,000 64.05 Sale in the context of the
member Siemens Stock Option
Plan 2001
8/1/2005 Johannes Feldmayer Managing Board Siemens Share 7236101 Sale 3,900 64.05 Sale in the context of the
member Siemens Stock Option
Plan 1999
8/12/2005 Klaus Wigand Supervisory Board Siemens Share 7236101 Sale 4,000 64.53 Sale in the context of the
member Siemens Stock Option
Plan 2001
9/12/2005 Rudi Lamprecht Managing Board Siemens Share 7236101 Sale 8,625 64.25 Sale in the context of the
member Siemens Stock Option
Plan 1999
These transactions were duly published on the Company’s Internet website at
www.siemens.com/directors-dealings.
Shareholder relations
Four times each year, Siemens AG reports to its shareholders regarding its business development,
financial position and earnings. An ordinary Annual Shareholders’ Meeting normally takes place
within the first four months of each fiscal year. The Managing Board facilitates shareholder par-
ticipation in the meeting through electronic communications – in particular the Internet – and
enables shareholders who are unable to attend the meeting to vote by proxy.
Among other things, the Annual Shareholders’ Meeting decides on the appropriation of net
income, ratification of the acts of the Managing and Supervisory Boards, and the appointment of
the independent auditors. Amendments to the Articles of Association and measures which change
the Company’s capital stock are approved exclusively at the Annual Shareholders’ Meeting and
are implemented by the Managing Board. Shareholders may submit counter-proposals to the pro-
posals of the Managing and Supervisory Boards and may contest decisions of the Annual Share-
holders’ Meeting. Shareholders owning Siemens stock with an aggregate par value of €100,000
or more may also demand a special judicial review of particular decisions.
As part of our investor relations activities, the CEO, the CFO and individual members of the
Groups’ executive management meet regularly with analysts and institutional investors. We hold
a conference for analysts once a year, as well as telephone conferences with analysts upon the
publication of our quarterly results.
Fit4MoreLetter to our Shareholders Managing Board