Siemens 2012 Annual Report Download - page 130

1 A. To our Shareholders 21 B. Corporate Governance
22 B. Corporate Governance Report
28 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(part of the Combined Management Report)
29 B. Compliance Report
31 B. Compensation Report
(part of the Combined Management Report)
44 B. Takeover-relevant information (pursuant to
Sections  para.  and  para.  of the
German Commercial Code) and explanatory report
(part of the Combined Management Report)

Stock options
The authorization to issue stock options expired in December
. On completion of a two-year vesting period, plan partici-
pants were entitled to exercise their subscription rights within
a three-year period. Allowing for the vesting period, the last
options were exercised in fiscal . Any options still unexer-
cised expired that same year. Consequently no options were out-
standing either as of September , , or in the prior year.
Shares from the Share Matching Plan
In fiscal , the members of the Managing Board were enti-
tled for the last time to participate in the Siemens Share Match-
ing Plan, and under the plan were entitled to invest up to %
of the annual gross amount of their variable cash compensa-
tion component (bonus) determined for fiscal  in Siemens
shares. After expiration of a vesting period of approximately
three years, plan participants will receive one free matching
share of Siemens stock for every three Siemens shares ac-
quired and continuously held under the plan, provided the
participants were employed without interruption at Siemens
AG or a Siemens company until the end of the vesting period.
The following table shows the development of the matching
share entitlements of the individual members of the Managing
Board in fiscal .
Balance at beginning
of fiscal 
Due during
fiscal year
Forfeited during
fiscal year
Balance at end
of fiscal 
, 
Entitlement to
matching shares
Entitlement to
matching shares
Entitlement to
matching shares
Entitlement to
matching shares
(Amounts in number of units)
Managing Board members
serving as of September , 
Peter Löscher –– – –
Dr. Roland Busch  868 802 – 66
Brigitte Ederer 560 560 – –
Klaus Helmrich  1,131 1,128 – 3
Joe Kaeser 7,661 3,855 – 3,806
Barbara Kux 698 – – 698
Prof. Dr. Hermann Requardt 5,641 3,228 – 2,413
Prof. Dr. Siegfried Russwurm 5,459 4,926 – 533
Peter Y. Solmssen 6,051 6,051 – –
Dr. Michael Süß  –– – –
Former members
of the Managing Board
Wolfgang Dehen  5,845 4,140 – 1,705
Total 33,914 24,690 – 9,224
1 Amounts may include entitlements acquired before the member joined the Managing
Board.
2 The entitlements of the Managing Board members serving in fiscal  had the follow-
ing fair values: Peter Löscher € (: €), Dr. Roland Busch €, (: €,),
Brigitte Ederer € (: €,), Klaus Helmrich € (: €,), Joe Kaeser
€, (: €,), Barbara Kux €, (: €,), Prof. Dr. Hermann
Requardt €, (: €,), Prof. Dr. Siegfried Russwurm €, (:
€,), Peter Y. Solmssen € (: €,) and Dr. Michael Süß € (: €).
The entitlement of former Managing Board member Wolfgang Dehen has the following
fair value: €, (: €,). The above fair values also take into account that
the shares acquired under the Base Share Program as part of the Share Matching Plan
were provided with a Company subsidy (for additional information on the Base Share
Program see    .       ).
3 Dr. Roland Busch, Klaus Helmrich and Dr. Michael Süß were elected full members of
the Managing Board effective April , .
4 Wolfgang Dehen resigned from the Managing Board effective March , . Because
he changed positions within the Corporate Group, his entitlements remain in effect
under the applicable guidelines.