This action is a simple spinoff transaction in the accounting software. The information below is based on the information available from the cost basis allocation information on the Siemans web site.
Siemans spun off OSRAM. Siemans is considered the parent company.
Information, translated from the official German filings, can be found on the Siemans web site at the following address:
The Spinoff Entry
Go to Accounting > Securities > Record spinoff of securities to enter the transaction. For general information on entering spinoff transactions, see https://www.iclub.com/faq/Home/Article?id=54
Here is the information you need to complete the spinoff.
Select Parent Security (or Parent Company) : Siemans (SI)
Remaining Basis Percentage: 96.48
Cash received: See your broker statement for cash-in-lieu received
Spinoff Security (or Symbol of New Company) : OSRAM (OSR.HR)
Shares received : .1 x (#of SI shares owned) (Remember to include fractional shares.)
For example, if you owned 100 SI shares, you should receive .11111 x 100 = 11.111 OSR.HM shares.
Price Per Share : 24.00 (An average price on 7/5/2013)
Save the transaction and the spinoff has been entered.