Reportable Securities Transactions (Directors’ Dealings)
§ 15a of the German Securities Trading Act (WpHG) requires members of the Managing Board and Supervisory Board of Siemens AG to report the purchase or sale of Siemens shares both to the company and to the German Federal Financial Supervisory Authority (BaFin). In addition to purchase and sales transactions involving Siemens shares, securities transactions relating to Siemens shares (e.g. purchase or sale of options or stock warrants for Siemens shares) must also be reported. The purchase, granting or exercise of options based on employment agreements or as a component of compensation are not subject to reporting requirements. Securities transactions by natural or legal persons closely related to any of the aforementioned persons are also subject to mandatory reporting. Siemens has voluntarily published all transactions since the introduction of the reporting obligation, and not only for the legally mandated term of one month.
For reporting of transactions by management personnel pursuant to § 15a WpHG:
Siemens AG
Wittelsbacherplatz 2
D-80333 Munich, Germany
Notes:
Participants in the Siemens stock option plan who choose to exercise the "exercise and sell" option receive the difference between the so-called exercise price (price determined at the time of issuing the options) and the Xetra closing price of Siemens stock on the day of exercise, as a taxable income.
For more information on stock-based compensation, please refer to our annual report at: