Insider Trading — QuoTrend

SAP AG – Insider Transactions

Ticker	Owner	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
SAP	SAP AG	10% Owner	Feb 22 '12	Buy	40.00	3,796,704	151,868,160	81,023,843	Feb 23
SAP	SAP AG	10% Owner	Feb 21 '12	Buy	40.00	965,074	38,602,960	77,227,139	Feb 23