Siemens 2006 Annual Report Download - page 95

Compensation Report 91
Accordingly, stock-based compensation was as follows:
Stock-based compensation
Number of units Fair value
Stock Stock
awards Other awards Other
from LT stock Stock from LT stock Stock
(Amounts in number of units or €)(1) bonus(2) awards(2) options(3) bonus(2) awards(2) options(3) Total
Prof. Dr. Heinrich v. Pierer(4) 2006 – – – – – – –
2005 4,267 – – 244,414 – – 244,414
Dr. Klaus Kleinfeld(4) 2006 – 5,540 – – 375,058 – 375,058
2005 9,984 3,470 43,415 571,884 198,762 176,265 946,911
Prof. Johannes Feldmayer 2006 – 3,693 – – 250,016 – 250,016
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Dr. Thomas Ganswindt 2006 – – – – – – –
2005 6,834 2,314 28,945 391,452 132,546 117,517 641,515
Joe Kaeser(5) 2006 – 4,432 – – 300,046 – 300,046
2005 – – – – – – –
Prof. Dr. Edward G. Krubasik 2006 – – – – – – –
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Rudi Lamprecht 2006 – 3,693 – – 250,016 – 250,016
2005 6,549 2,314 28,945 375,127 132,546 117,517 625,190
Heinz-Joachim Neubürger(6) – – – – – – – –
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Dr. Jürgen Radomski 2006 – 3,693 – – 250,016 – 250,016
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Dr. Uriel J. Sharef 2006 – 3,693 – – 250,016 – 250,016
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Prof. Dr. Klaus Wucherer 2006 – 3,693 – – 250,016 – 250,016
2005 8,146 2,314 28,945 466,603 132,546 117,517 716,666
Eduardo Montes(7) (8) 2006 – 2,955 – – 200,054 – 200,054
2005 – – – – – – –
Prof. Dr. Erich R. Reinhardt(8) 2006 – 2,955 – – 200,054 – 200,054
2005 – 1,851 23,155 – 106,025 94,009 200,034
Prof. Dr. Hermann Requardt(7)(8) 2006 – 2,955 – – 200,054 – 200,054
2005 – – – – – – –
Prof. Dr. Claus Weyrich(8) 2006 – – – – – – –
2005 – 1,388 17,365 – 79,505 70,502 150,007
Total 2006 – 37,302 – – 2,525,346 – 2,525,346
2005 76,510 25,221 315,495 4,382,495 1,444,660 1,280,912 7,108,067
(1) The amounts for 2006 shown in this table are those obtained after reducing the stock-based compensation in connection with the transfer of Managing Board remuneration to
the hardship fund for BenQ Mobile employees in Germany. The fair value of stock-based compensation relates to stock options and stock awards granted in November 2006
and 2005 for fiscal years 2006 and 2005, respectively.
(2) After a holding period of four years, the stock awards will be settled on November 10, 2010 (awards granted for fiscal year 2005 on November 11, 2009). Under the stock award
agreement, the eligible recipients will receive a corresponding number of Siemens shares without additional payment.
(3) The stock options issued for fiscal year 2005 will be exercisable after a holding period of two years between November 19, 2007 and November 18, 2010 at a price of €74.59 per
share under the terms and conditions specified in the 2001 Siemens Stock Option Plan (for details see the Notes to Consolidated Financial Statements, pages 212 ff.). The fair
value of the stock options was determined using the Black-Scholes option pricing model. Because a cap was placed on stock options granted to Managing Board members,
disclosure of stock options in the financial statements depends on their intrinsic value, which was zero on the grant date. Without a cap, the fair value of the stock options
granted for fiscal year 2005 would have been €4.06 per option, which amount was taken as the basis in this table.
(4) On January 27, 2005, Prof. Dr. Heinrich v. Pierer was elected to the Supervisory Board of Siemens AG. Dr. Klaus Kleinfeld was appointed to succeed Prof. Dr. Heinrich v. Pierer
as CEO and President of the Managing Board of Siemens AG, effective January 27, 2005.
(5) Joe Kaeser was appointed a full member of the Managing Board of Siemens AG, effective May 1, 2006.
(6) Heinz-Joachim Neubürger resigned from the Managing Board on April 30, 2006.
(7) Eduardo Montes and Prof. Dr. Hermann Requardt were appointed deputy members of the Managing Board of Siemens AG, effective May 1, 2006.
(8) Deputy members of the Managing Board. Prof. Dr. Hermann Requardt was appointed a full member of the Managing Board of Siemens AG, effective October 1, 2006.