Siemens 2014 Annual Report Download - page 157

171 C. Combined Management Report 247 D. Consolidated Financial Statements 337 E. Additional Information

The defi ned benefi t obligation (DBO) of all pension commit-
ments to former members of the Managing Board and their
surviving dependents as of September , , amounted
to €. (: € .) million. This fi gure is included in
NOTE  POST-EMPLOYMENT BENEFITS in D. NOTES TO CONSOLI-
DATED FINANCIAL STATEMENTS.
Other
No loans or advances from the Company are provided to mem-
bers of the Managing Board.
B... ADDITIONAL INFORMATION
ON STOCK-BASED COMPENSATION INSTRUMENTS
IN FISCAL 
This section provides information concerning the stock commit-
ments held by members of the Managing Board that were com-
ponents of stock-based compensation in fi scal  and prior
years, and about the Managing Board members’ entitlements to
matching shares under the Siemens Share Matching Plan.
Stock commitments
The following table shows the changes in the stock commit-
ments (Bonus Awards and Stock Awards) held by Managing
Board members in fi scal :
Balance at beginning of
fiscal 
Granted during fiscal year Vested and
transferred
during
fiscal year
Forfeited
during
fiscal year
Balance at end of
fiscal  
Forfeitable commitments
of Stock Awards
Non-
forfeitable
commit-
ments of
Bonus
Awards
Forfeitable
commit-
ments of
Stock
Awards
Non-
forfeitable
commit-
ments of
Bonus
Awards
(Target
attainment
depending
on EPS for
past three
fiscal years)
(Target
attainment
depending
on future
stock per-
formance)
Commit-
ments of
Bonus
Awards and
Stock
Awards
Commit-
ments of
Stock
Awards
Non-
forfeitable
commit-
ments of
Bonus
Awards
Forfeitable
commit-
ments of
Stock
Awards 
(Amounts in number of units)
Managing Board
members serving as of
September , 
Joe Kaeser 24,819 67,437 6,910 12,949 10,974 14,661 – 31,729 76,699
Dr. Roland Busch 16,180 33,795 5,364 7,295 6,182 2,829 – 21,544 44,443
Lisa Davis – – – – – – – – –
Klaus Helmrich 17,122 35,695 5,287 7,295 6,182 3,858 – 22,409 45,314
Prof. Dr. Hermann Requardt 25,762 52,766 6,641 9,119 7,728 14,661 – 32,403 54,952
Prof. Dr. Siegfried Russwurm 24,819 52,766 5,684 9,119 7,728 14,661 – 30,503 54,952
Dr. Ralf P. Thomas – 22,241 206 3,474 2,944 5,475 – 206 23,184
Former members
of the Managing Board
Brigitte Ederer 24,819 43,469 – – – 5,364 – 24,819 38,105
Barbara Kux 24,819 52,766 5,287 7,295 6,182 14,661 – 30,106 51,582
Peter Y. Solmssen 24,819 52,766 5,287 7,295 6,182 14,661 – 30,106 51,582
Dr. Michael Süß 17,122 38,432 5,684 7,295 6,182 5,510 – 22,806 46,399
Total 200,281 452,133 46,350 71,136 60,284 96,341 – 246,631 487,212
1 The weighted average fair value as of the grant date for
fiscal  was €. per granted share.
2 Amounts do not include stock commitments (Bonus
Awards and Stock Awards) granted in November 
for fiscal ; for details, see the next page. However,
these amounts may include Stock Awards received as
compensation by the Managing Board member before
joining the Managing Board.
3 The number of forfeitable commitments of Stock Awards
shown here for Brigitte Ederer as of the end of fiscal
 remains in effect in full on the basis of the agree-
ment in connection with her departure from the Manag-
ing Board; the number of Stock Awards linked to future
stock performance will be revised on the basis of actual
target attainment after the end of the restriction period.
4 Lisa Davis was elected a full member of the Managing
Board effective August , .
5 Brigitte Ederer resigned from the Managing Board
effective at the end of the day on September , .
6 Barbara Kux resigned from the Managing Board effective
at the end of the day on November , .
7 Peter Y. Solmssen resigned from the Managing Board
effective at the end of the day on December , ;
his employment contract ends effective March , .
8 Dr. Michael Süß resigned from the Managing Board
effective at the end of the day on May , ; his
employment agreement ended effective September ,
.