Corporate Governance
Directors' Dealings
According to the German Securities Trading Act (WpHG), the members of the executive board and supervisory board as well as all other persons discharging managerial responsibilities (senior executives) in German listed companies have to notify both the company and the German Federal Financial Supervisory Authority (BaFin) if they acquire or dispose of shares in the company or rights related to these shares. Certain people who are closely related to board members or senior executives, such as spouses and dependent children, are under the same obligation. Furthermore, legal persons, companies, and organizations for which board members, senior executives, or persons closely related to them discharge managerial responsibilities or that are controlled by such persons are also obliged to give notification.
On this Web site, SAP publishes all notifications received from its board members and other persons with a notification obligation. Detailed information about the notification obligations can be drawn from the relevant section of the law.
Notification about Directors' Dealings under sec. 15a WpHG (Directors' Dealings)
| Transaction Date and Place |
Issuer |
Notifying Party |
Details of Notifying Party |
Transaction |
| October 29, 2008, Frankfurt |
SAP AG1 |
Léo Apotheker |
Member of the Executive Board |
Purchase of 2,000 SAP shares2, price € 26.35 per share in the total amount of € 52,700.00 |
| July 4, 2008, XETRA |
SAP AG1 |
Prof. Dr.-Ing. Dr.-Ing. E. h. Klaus Wucherer |
Member of the Supervisory Board |
Purchase of 1500 non-par value SAP ordinary shares², price € 33.08 per share in the total amount of € 49,620.00 |
| March 13, 2008, Frankfurt |
SAP AG1 |
Dr. Elisabeth Strobl-Haarmann |
Person with close relationship to a member of the Supervisory Board |
Sale of 4.490 SAP shares², price € 31.50 per share in the total amount of € 141,435.00 |
|
(1) Address: Dietmar-Hopp-Allee 16, 69190 Walldorf, Germany
(2) WKN 716460 / ISIN DE 000 7 164 600
(3) ISIN US 8030542042
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