Please activate JavaScript!
Please install Adobe Flash Player, click here for download

Software AG GB 2013. englisch

All rights outstanding under MIP III as of December 31, 2013 were exercisable. Because there is no obligation to settle in cash, these rights are accounted for as an equity-settled stock option program pursuant to IFRS 2. Expenses of €0 thousand (2012: €0 thousand) were incurred under this plan during fiscal year 2013. Because all subscription rights were 100 percent vested as of December 31, 2013 and there is no obligation to settle in cash, no further expenses will be incurred under MIP III. Performance Phantom Share Plan A portion of the variable management remuneration is paid out as a medium-term component on the basis of a phan- tom share plan. As in the previous year, the portion accruing for fiscal year 2013 will be converted into virtual (phantom) shares on the basis of the average share price of Software AG stock in February 2014, less 10 percent. The resulting number of shares will become due in three identical tranch- es with terms of one, two and three years. On the due dates in March 2015 to 2017, the number of phantom shares will be multiplied by the then-applicable share price for February. This amount will be adjusted to reflect the amount (mea- sured in percent) by which the shares outperform or underperform the TecDAX index and then paid to the mem- bers of the Management Board and officers. The beneficia- ries will receive an amount per phantom share equal to the dividends paid to Software AG shareholders prior to payment of a phantom share tranche. Company officers may elect to let the Company dispose of the compensation that has become due after the waiting period for an unlimited period of time and thus continue to participate in the success of the Company. At the time of payment, the number of shares is multiplied by the average price of Software AG stock on the sixth to tenth trading days after publication of the financial results. Those entitled receive an amount per phantom share equal to the dividends paid to Software AG shareholders prior to payment of the phantom shares. This plan resulted in earnings of €4,330 thousand (2012: expenses of €3,482 thousand) in fiscal 2013. The provision for the rights outstanding under the Phantom Share Plan amounted to €7,419 thousand (2012: €17,113 thousand) as of December 31, 2013. The intrinsic value of the rights exercisable under the phan- tom share plan as of December 31, 2013 amounted to €4,048 thousand (2012: €7,623 thousand). Software AG | Annual Report 2013 196 Letter from the Management Board About Software AG Software AG ShareHighlights 2013

Overview