Siemens 2013 Annual Report Download - page 143

155 C. Combined Management Report 253 D. Consolidated Financial Statements 357 E. Additional Information

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
Matching Plan, and under the plan were entitled to invest up
to % of the annual gross amount of their variable cash com-
pensation component (bonus) determined for fiscal  in
Siemens shares. After expiration of a vesting period of approx-
imately three years, the plan participants will receive one free
matching share of Siemens stock for every three Siemens
shares acquired and continuously held under the plan, provid-
ed 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 , 
Joe Kaeser 3,806 1,590 – 2,216
Dr. Roland Busch 66 66 – –
Brigitte Ederer ––––
Klaus Helmrich 3––3
Barbara Kux 698 698 – –
Prof. Dr. Hermann Requardt 2,413 1,027 – 1,386
Prof. Dr. Siegfried Russwurm 533 533 – –
Peter Y. Solmssen ––––
Dr. Michael Süß ––––
Dr. Ralf P. Thomas 2,969 123 – 2,846
Former members
of the Managing Board
Peter Löscher  ––––
Total 10,488 4,037 – 6,451
1 Amounts may include entitlements acquired before the
member joined the Managing Board.
2 The entitlements of the Managing Board members
serving as of September ,  had the following fair
values: Joe Kaeser €, (: €,), Dr. Roland
Busch € (: €,), Brigitte Ederer € (: €),
Klaus Helmrich € (: €), Barbara Kux €
(: €,), Prof. Dr. Hermann Requardt €,
(: €,), Prof. Dr. Siegfried Russwurm €
(: €,), Peter Y. Solmssen € (: €),
Dr. Michael Süß € (: €) and Dr. Ralf P. Thomas
€, (: €). The entitlement of former Manag-
ing Board member Peter Löscher 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 infor-
mation on the Base Share Program see NOTE  in
D. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS).
3 Brigitte Ederer resigned from the Managing Board
effective at the end of the day on September , .
4 Dr. Ralf P. Thomas was elected a full member of the
Managing Board effective September , . The
stated balance at the end of fiscal  also includes
the granted entitlements of matching shares (
shares) for fiscal  prior to election as a full member
of the Managing Board.
5 Peter Löscher resigned from the Managing Board
effective July , ; his employment agreement
ended effective September , .