Siemens 2014 Annual Report Download - page 159

171 C. Combined Management Report 247 D. Consolidated Financial Statements 337 E. Additional Information

Shares from the Share Matching Plan
In fi scal , the members of the Managing Board were
entitled 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 compen-
sation (bonus) determined for fi scal  in Siemens shares.
After expiration of a vesting period of approximately 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, provided the partici-
pants were employed without interruption at Siemens AG or a
Siemens company until the end of the vesting period. The fol-
lowing table shows the development of the matching share
entitlements of the individual members of the Managing Board
in fi scal .
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 2,216 2,216 –
Dr. Roland Busch ––––
Lisa Davis ––––
Klaus Helmrich 33––
Prof. Dr. Hermann Requardt 1,386 1,386 – –
Prof. Dr. Siegfried Russwurm ––––
Dr. Ralf P. Thomas 2,846 161 – 2,685
Former members
of the Managing Board
Brigitte Ederer ––––
Barbara Kux ––––
Peter Y. Solmssen ––––
Dr. Michael Süß ––––
Total 6,451 3,766 0 2,685
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
€  (: € ), Lisa Davis €  (: € ), Klaus Helmrich
€  (: € ), Prof. Dr. Hermann Requardt €  (:
€ ,), Prof. Dr. Siegfried Russwurm €  (: € ) and
Dr. Ralf P. Thomas € , (: € ,). The enti-
tlements of former Managing Board members have the
following fair values: Brigitte Ederer €  (: € ),
Barbara Kux €  (: € ), Peter Y. Solmssen €  (:
€ ), and Dr. Michael Süß €  (: € ). 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 NOTE  SHARE-BASED PAYMENT in D. NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS).
3 Lisa Davis was elected a full member of the Managing
Board effective August , .
4 Brigitte Ederer resigned from the Managing Board
effective at the end of the day on September , .
5 Barbara Kux resigned from the Managing Board effective
at the end of the day on November , .
6 Peter Y. Solmssen resigned from the Managing Board
effective at the end of the day on December , ;
his employment contract ends effective March , .
7 Dr. Michael Süß resigned from the Managing Board
effective at the end of the day on May , ; his
employment agreement ended effective September ,
.