Siemens 2012 Annual Report Download - page 131

49 C. Combined Management Report 239 E. Additional Information 135 D. Consolidated Financial Statements
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Share Ownership Guidelines
Different deadlines apply for the individual members of the
Managing Board to provide their first-time proof of compliance
with the Siemens Share Ownership Guidelines, depending on
the date when the member was appointed to the Managing
Board. The following table shows the number of Siemens
shares held by Managing Board members as of the deadline in
March  for showing compliance with the Share Ownership
Guidelines, and the number of Siemens shares to be held per-
manently with a view to future deadlines.
The following table shows the proof-of-compliance obligations
of the other Managing Board members in view of the Share
Ownership Guidelines:
Obligation under Share Ownership Guidelines
(Amounts in number of units or €) Required value
Required number of shares Proven number of shares 
Managing Board members required
to show proof as of March , 
Peter Löscher 5,961,250 81,874 144,419
Joe Kaeser 1,645,000 22,593 58,170
Prof. Dr. Hermann Requardt 1,645,000 22,593 48,093
Prof. Dr. Siegfried Russwurm 1,645,000 22,593 49,197
Peter Y. Solmssen 1,645,000 22,593 50,522
Total 12,541,250 172,246 350,401
1 The amount of the obligation is based on a member’s average base compensation for
the four years prior to each review of his or her achievement of the targets defined by
the Share Ownership Guidelines.
2 Based on the average XETRA opening price of €. for the fourth quarter of 
(October – December)
3 As per March ,  (date of proof), including  Bonus Awards
Obligation under Share Ownership Guidelines
Required value
Required number of shares 
Due date for initial
measurement of adherence
(Amounts in number of units or €)
Managing Board members
required to show proof in subsequent years
Dr. Roland Busch 1,800,000 24,722 March 2016
Brigitte Ederer 1,800,000 24,722 March 2015
Klaus Helmrich 1,800,000 24,722 March 2016
Barbara Kux 1,705,000 23,417 March 2013
Dr. Michael Süß 1,800,000 24,722 March 2016
Total 8,905,000 122,305
1 The amount of the obligation is based on a member’s average base compensation for
the four years prior to each review of his or her achievement of the targets defined by
the Share Ownership Guidelines. The amount shown here is based on average base
compensation since the member’s initial appointment.
2 Based on the average XETRA opening price of €. for the fourth quarter of 
(October – December)