Stock Held by Executive Board Members
No member of the Executive Board holds more than 1% of the common stock of SAP AG. Members of the Executive Board held a total of 86,515 SAP shares on December 31, 2007. On December 31, 2006, members of the Executive Board held a total of 287,384 SAP shares.
The table below shows transactions by Executive Board members and persons closely associated with them notified to SAP pursuant to the German Securities Trading Act, section 15a, in 2007:
Transactions in SAP Shares
| Transaction Date | Transaction | Quantity | Unit Price | |
| € | ||||
| Léo Apotheker | April 23, 2007 | Stock sale | 120,000 | 38.5188 |
| October 19, 2007 |
Stock purchase
|
1,000
|
38.09
|
|
| Dr. Werner Brandt |
February 5, 2007
|
Stock purchase | 2,000 | 35.58 |
| October 18, 2007 | Stock purchase | 1,000 | 38.20 | |
| Prof. Dr. Claus E. Heinrich | August 15, 2007 | Stock sale | 180,000 | 38.7071 |
| Prof. Dr. Henning Kagermann | August 15, 2007 | Stock sale | 292,069 | 38.7071 |
| August 15, 2007 | Stock purchase 1) | 27,931 | 22.5925 | |
| Dr. Peter Zencke | August 15, 2007 | Stock sale | 180,000 | 38.7071 |
1)
Shares acquired by exercising SAP SOP 2002 stock options.
Executive Board: Other Information
We did not grant any compensation advance or credit to, or enter into any commitment for the benefit of, any member of our Executive Board in 2007 or the previous year.
As far as the law permits, SAP AG and SAP AG’s affiliated companies in Germany and elsewhere indemnify and hold harmless their respective directors and officers against and from the claims of third parties. To this end, we maintain directors’ and officers’ group liability insurance. The policy is annual and is renewed from year to year. The insurance covers the personal liability of the insured group for financial loss caused by its managerial acts and omissions. There is no individual deductible as envisaged in the German Corporate Governance Code, section 3.8, paragraph 2. We believe the motivation and responsibility that the members of the Executive Board and Supervisory Board bring to their duties would not be improved by such a deductible element. For this reason, SAP regards a deductible as unnecessary for the insured group.
|
Want to learn more?
Contact the SAP sales office nearest you. |
|