Siemens 2010 Annual Report Download - page 108

6 To our shareholders 21 Corporate Governance
23 Corporate Governance report
29 Corporate Governance statement pursuant to §a
of the German commercial code (HGB) (part of the
Combined management’s discussion and analysis)
30 Compliance report
34 Compensation report (part of Notes to
Consolidated Financial Statements)

Entitlement to matching shares under the Share Matching Plan
Balance at beginning
of fiscal 
Acquired during
fiscal year
Due during
fiscal year
Forfeited
during fiscal year
Balance at end
of fiscal  , 
Entitlement
to matching
shares
Weighted
average fair
value at
acquisition
date
Entitlement
to matching
shares
Weighted
average fair
value at
acquisition
date
Entitlement
to matching
shares
Weighted
average fair
value at
acquisition
date
Entitlement
to matching
shares
Weighted
average fair
value at
acquisition
date
Entitlement
to matching
shares
Weighted
average fair
value at
acquisition
date
(Amounts in number of units or €)
Managing Board members
serving as of
September , 
Peter Löscher – – – – – – – – – –
Wolfgang Dehen 4,140 21.34 1,705 47.18 – – – – 5,845 28.88
Brigitte Ederer  560 21.34 – – – – – – 560 21.34
Dr. Heinrich Hiesinger  3,762 21.34 1,284 47.18 – – 5,046 27.92 – –
Joe Kaeser 3,855 21.34 1,590 47.18 – – – – 5,445 28.89
Barbara Kux  – – 698 47.18 – – – – 698 47.18
Prof. Dr. Hermann Requardt 3,228 21.34 1,027 47.18 – – – – 4,255 27.58
Prof. Dr. Siegfried Russwurm 4,926 21.34 533 47.18 – – – – 5,459 23.86
Peter Y. Solmssen 6,051 21.34 – – – – – – 6,051 21.34
Total 26,522 21.34 6,837 47.18 – – 5,046 27.92 28,313 26.41
1 Amounts may include entitlements acquired before the member joined the Managing Board.
2 The entitlements of the Managing Board members serving at the end of fiscal 2010 had the following fair values: Peter Löscher €0 (2009: €0), Wolfgang Dehen €169,623 (2009: €88,808),
Brigitte Ederer €11,958 (2009: €11,958), Dr. Heinrich Hiesinger €0 (2009: €80,741), Joe Kaeser €158,102 (2009: €82,726), Barbara Kux €33,282 (2009: €0), Prof. Dr. Hermann Requardt
€118,158 (2009: €69,346), Prof. Dr. Siegfried Russwurm €131,068 (2009: €105,581), Peter Y. Solmssen €129,588 (2009: €129,588). Jim Reid-Anderson, who was elected a full member of the
Managing Board effective May 1, 2008, and resigned from the Board effective November 30, 2008, received no entitlements to matching shares in fiscal years 2009 or 2010. The above fair
values also take into account that the shares were acquired under the Share Matching Plan at the lowest share price on December 17, 2009 (2009: December 17, 2008), and that a Company
subsidy was provided under the Base Share Program.
3 Brigitte Ederer was elected a full member of the Managing Board effective July 1, 2010.
4 Dr. Heinrich Hiesinger resigned from the Managing Board effective at the end of the day on September 30, 2010.
5 Barbara Kux was elected a full member of the Managing Board effective November 17, 2008.
On September , , Dr. Heinrich Hiesinger exercised ,
stock options at a share price of €.; the strike price of
these options was €.. No other stock options were exer-
cised by Managing Board members in fiscal .
A total of , (: ,) stock options with a strike price
of €. were forfeited in fiscal . Of this total, ,
(: ) forfeited options pertained to Dr. Heinrich Hiesinger,
, (: ,) to Joe Kaeser, and , (: ) to
Prof. Dr. Hermann Requardt.
As of September , , the members of the Managing Board
held a total of , outstanding stock options, with a strike
price of €.. Of this total, , options pertained to Joe
Kaeser and , pertained to Prof. Dr. Hermann Requardt.
The remaining term of these stock options as of September ,
, was . years.
Shares from the Share Matching Plan. In fiscal , the
members of the Managing Board were entitled to participate in
the Siemens Share Matching Plan, and under the plan were
entitled to invest up to % of the annual gross amount of
their variable cash compensation component (bonus) in
Siemens shares. After expiration of a vesting period of ap-
proximately three years, plan participants will receive one free
matching share of Siemens stock for every three Siemens
shares acquired and continuously held under the plan, pro-
vided the participants were employed without interruption at
Siemens AG or a Siemens company until the end of the vesting
period. The following table shows individualized details of the
matching share entitlements acquired by the members of the
Managing Board in fiscal  and the applicable fair values.