Siemens 2009 Annual Report Download - page 121

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 Managing Board statements, Independent auditors’ report, Additional information
Stock-based compensation

Number of units
Stock awards 
Fair value
Stock awards 
(Amounts in number of units or €  )    
Managing Board members serving as of September , 
Peter Löscher 41,126 66,402 2,500,050 2,500,035
Wolfgang Dehen  16,451 26,561 1,000,056 1,000,022
Dr. Heinrich Hiesinger 16,451 26,561 1,000,056 1,000,022
Joe Kaeser 16,451 26,561 1,000,056 1,000,022
Barbara Kux  14,394 – 875,011 –
Prof. Dr. Hermann Requardt 16,451 26,561 1,000,056 1,000,022
Prof. Dr. Siegfried Russwurm  16,451 26,561 1,000,056 1,000,022
Peter Y. Solmssen 16,451 26,561 1,000,056 1,000,022
Former Managing Board members
Jim Reid-Anderson  – 26,561 – 1,000,022
Prof. Dr. Erich R. Reinhardt  – 26,561 8 – 1,000,022 8
Total 154,226 278,890 9,375,397 10,500,211
1 The fair values of entitlements to matching shares under the Share Matching Plan are not included hereunder; for details see “Other” below.
 The fair value of the stock-based compensation relates to stock awards granted in November  and  for fi scal years  and , respectively.
 The stock awards will be settled after a waiting period. The waiting period ends in the third year following the stock award commitment upon the close of the second day after publication
of the results of operation in the third calendar year after the date of the commitment. Under the stock award agreement, the eligible recipients will receive a corresponding number of
Siemens shares without additional payment.
 Wolfgang Dehen and Prof. Dr. Siegfried Russwurm were elected full members of the Managing Board effective January , .
 Barbara Kux was elected a full member of the Managing Board effective November , .
 Jim Reid-Anderson was elected a full member of the Managing Board effective May ,  and resigned from the Managing Board effective November , . The stock awards
granted to him were forfeited upon his early resignation from the Managing Board.
 Prof. Dr. Erich R. Reinhardt was a deputy member of the Managing Board until December , . He was elected a full member of the Managing Board effective January ,  and
resigned from the Managing Board effective April , .
 , stock awards with a fair value of €, were granted to Prof. Dr. Erich R. Reinhardt in his capacity as member of the Managing Board; , stock awards with a fair value of
€, were granted to him pursuant to the service agreement in place as of the date of his mutually agreed-upon early resignation from the Managing Board.
B20T030_E
SAGT030
Both the number of units and the values of the stock-based
compensation component are shown in the following table.
The stock awards were recorded at the closing price of the
Siemens stock in Xetra trading on the date of commitment less
the present value of dividends expected during the waiting
period, because stock award holders are not entitled to receive
dividends. The resulting value amounted to €. (:
€.).
To compensate her for the stock-based payment forfeited as a
result of her change from Royal Philips Electronics, The Neth-
erlands, to Siemens AG, Barbara Kux was promised a total
amount of €,. It was agreed with Mrs. Kux that the
Company will add this amount to her Siemens Defined Contri-
bution Benefit Plan (BSAV) in January .
Accordingly, stock-based compensation was as follows: