| |
|
|
2.3 SUPERVISORY BOARD SHAREHOLDINGS
Note 22 to the consolidated financial statements shows the shareholdings of Supervisory Board members Hasso Plattner (Chairperson), Dietmar Hopp, and Klaus Tschira, and the companies they control, on December 31, 2004. No other member of the Supervisory Board held more than 1% of SAP’s subscribed capital. On December 31, 2004, Supervisory Board
members held 106,789,190 SAP shares.
The table below shows transactions by Supervisory
Board members and persons closely associated with them notified
to SAP pursuant to the German Securities Trading Act,
section 15a in 2004.
| Transactions in SAP shares and ADRs |
| Notifying party |
Transaction date |
Transaction |
Number |
Unit price |
| Hasso Plattner Förderstiftung, gemeinnützige GmbH |
December 14, 2004 |
Sale of shares |
745,546 |
134.13 € |
| Dr. h.c. Klaus Tschira |
July 27, 2004 |
Security loan transfer of shares |
1,500,000 |
|
| July 27, 2004 |
Right and duty to accept
return of shares |
1,500,000 |
|
| July 27, 2004 |
Purchase of single derivative instrument (Number = shares underlying) |
1,125,000 |
127.65 € |
2.4 OTHER INFORMATION
In 2004, SAP did not grant any compensation advance or credit to, or enter into any commitment for the benefit of any member of the Supervisory Board.
Hasso Plattner, the Chairperson of the Supervisory Board, entered into a consulting contract with SAP after he joined the Supervisory Board in May 2003. The contract does not provide for any compensation. The only cost incurred by SAP in 2004 under the contract was the reimbursement of expenses.
As far as the law permits, SAP AG indemnifies Supervisory Board members against, and holds them harmless from, claims brought by third parties. To this end the Company maintains directors’ and officers’ group liability insurance. Section 1.4 of this compensation report contains more information about the insurance. |
