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Combined Management Report 
The defined benefit obligation (DBO) of all pension commit-
ments to former members of the Managing Board and their
surviving dependents as of September , , amounted to
€ . million (: € . million). This figure is included in
NOTE 16 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
Other
No loans or advances from the Company are provided to mem-
bers of the Managing Board.
A.10.1.3 ADDITIONAL INFORMATION ON
STOCK-BASED COMPENSATION INSTRUMENTS
IN FISCAL 2015
Stock commitments
The following table shows the changes in the balance of the
stock commitments held by Managing Board members in fiscal
:
Balance at beginning
of fiscal 2015
Granted during
fiscal year
Vested and
fulfilled
during
fiscal year
Forfeited
during
fiscal year
Balance at end
of fiscal 2015
Forfeitable commitments
of Stock 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
perfor-
mance)
Commit -
ments
of Bonus
Awards
and Stock
Awards
Commit-
ments
of Stock
Awards
Forfeitable
commit-
ments of
Stock
Awards
Non-
forfeitable
commit-
ments of
Bonus
Awards
Non-
forfeitable
commit-
ments of
Bonus
Awards
(Amounts in number of units)
Managing Board members
serving as of
September , 
Joe Kaeser 31,729 76,699 9,296 12,615 40,111 – – 41,025 129,425
Dr. Roland Busch 21,544 44,443 5,578 6,639 21,301 – – 27,122 72,383
Lisa Davis – – 576 12,044 26,931 – – 576 38,975
Klaus Helmrich 22,409 45,314 4,824 6,639 21,301 – – 27,233 73,254
Janina Kugel – 3,999 – 664 10,992 – – – 15,655
Prof. Dr. Siegfried Russwurm 30,503 54,952 4,934 6,639 21,301 – – 35,437 82,892
Dr. Ralf P. Thomas 206 23,184 4,824 6,639 21,301 – – 5,030 51,124
Former members
of the Managing Board
Prof. Dr. Hermann Requardt 32,403 54,952 4,709 8,299 23,030 – – 37,112 86,281
Total 138,794 303,543 34,741 60,178 186,268 – – 173,535 549,989
1 The weighted average fair value as of the grant date for
fiscal 2015 was €66.20 per granted share.
2 Amounts also include stock commitments (Stock Awards
and Phantom Stock Awards) granted in November 2014
for fiscal 2015. These amounts may further include stock
commitments received as compensation by the Manag-
ing Board member before joining the Managing Board.
3 Janina Kugel was elected a full member of the Managing
Board effective February 1, 2015. Because she joined the
Managing Board during the fiscal year, the target
amount for her stock-based compensation was prorated
and, instead of Stock Awards, she received an equivalent
amount of Phantom Stock Awards. At the end of the
restriction period, these awards will be settled in cash
rather than via a stock transfer. Otherwise, the regula-
tions are the same as those for Stock Awards.
4 Prof. Dr. Hermann Requardt resigned from the Managing
Board effective the end of the day on January 31, 2015.
His employment contract ended effective September 30,
2015. In accordance to the provisions of his contract, the
Siemens Stock Awards will be settled in cash at the
closing price of Siemens stock in Xetra trading on Sep-
tember 30, 2015.