Note 12 Shareholdings of Board and Executive Committee

At December 31, 2014 and 2013, the members of the Board of directors as of that date, held the following numbers of shares (or ADSs representing such shares):

 

Total number of shares held at December 31

Name

2014

2013

(1)

Matti Alahuhta was elected to the Board at the AGM in April 2014.

(2)

Hans Ulrich Märki left the Board at the end of the 2013−2014 term of office.

(3)

Share amounts provided in the section do not include the shares beneficially owned by Investor AB, of which Mr Wallenberg is chairman.

Hubertus von Grünberg

253,264

212,725

Roger Agnelli

170,671

165,533

Matti Alahuhta(1)

17,912

Louis R. Hughes

72,742

70,425

Hans Ulrich Märki(2)

428,176

Michel de Rosen

139,602

133,870

Michael Treschow

108,787

102,782

Jacob Wallenberg(3)

185,708

180,158

Ying Yeh

18,970

13,843

Total

967,656

1,307,512

At December 31, 2014, the members of the Executive Committee, as of that date, held the following number of shares (or ADSs representing such shares), the conditional rights to receive ABB shares under the LTIP and options (either vested or unvested as indicated) under the MIP and unvested shares in respect of other compensation arrangements.

 

 

Vested at Dec. 31, 2014

Unvested at December 31, 2014

Name

Total number of shares held

Number of vested options held under the MIP(1)

Number of unvested options held under the MIP(1)

Retention shares deliverable under the 2012 retention component of the LTIP(2)

Retention shares deliverable under the 2013 retention component of the LTIP(2)

Retention shares deliverable under the 2014 retention component of the LTIP(2)

Replacement share grant for foregone benefits from former employer(3)

Special retention share grant(3)

 

 

 

(vesting 2015)

(vesting 2015)

(vesting 2016)

(vesting 2017)

(vesting 2016 and 2018)

(vesting 2015)

(1)

Options may be sold or exercised/converted into shares at the ratio of 5 options for 1 share.

(2)

The LTIP foresees delivering 30 percent of the value of the vested retention shares in cash. However, participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

The Replacement share grant and the Special retention share grant foresee delivering 30 percent of the value of the vested shares in cash. However, under both awards participants have the possibility to elect to receive 100 percent of the vested award in shares.

(4)

Total number of shares held includes 32 shares held by children.

Ulrich Spiesshofer

241,943

67,293

78,395

93,846

Eric Elzvik

23,768

422,625

287,500

27,071

30,549

Jean-Christophe Deslarzes

27,071

30,549

144,802

Diane de Saint Victor

286,773

38,673

31,848

35,940

150,000

Frank Duggan

97,607

212,500

35,289

25,632

27,548

Greg Scheu(4)

63,137

221,375

29,664

24,830

26,159

Pekka Tiitinen

8,000

422,625

12,041

22,294

25,158

Tarak Mehta

91,275

35,289

25,632

34,677

Veli-Matti Reinikkala

176,119

37,223

9,810

27,674

Bernhard Jucker

235,702

45,924

37,033

40,750

Claudio Facchin

9,903

17,598

22,294

31,083

Total Executive Committee members as of December 31, 2014

1,234,227

1,279,125

287,500

318,994

331,910

403,933

144,802

150,000

At December 31, 2013, the members of the Executive Committee, as of that date, held the following number of shares (or ADSs representing such shares), the conditional rights to receive ABB shares under the LTIP, options and/or warrants (either vested or unvested as indicated) under the MIP and unvested shares in respect of other compensation arrangements.

 

 

Vested at Dec. 31, 2013

Unvested at December 31, 2013

Name

Total number of shares held

Number of vested options and warrants held under the MIP(1)

Number of unvested options held under the MIP(1)

Number of unvested options held under the MIP(1)

Retention shares deliverable under the 2011 retention component of the LTIP(2)

Retention shares deliverable under the 2012 retention component of the LTIP(2)

Retention shares deliverable under the 2013 retention component of the LTIP(2)

Shares deliverable under the one-time 2012 AIEP(2)

Replacement share grant for foregone benefits from former employer(3)

Special retention share grant(3)

 

 

 

(vesting 2014)

(vesting 2015)

(vesting 2014)

(vesting 2015)

(vesting 2016)

(vesting 2014)

(vesting 2016 and 2018)

(vesting 2015)

(1)

Warrants and options may be sold or exercised/converted into shares at the ratio of 5 warrants/options for 1 share.

(2)

The LTIP foresees delivering 30 percent of the value of the vested retention shares in cash, while the Acquisition Integration Execution Plan (AIEP) foresees delivering 30 percent of the value of the vested shares in cash. However, under both plans participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

The Replacement share grant and the Special retention share grant foresee delivering 30 percent of the value of the vested shares in cash. However, under both awards participants have the possibility to elect to receive 100 percent of the vested award in shares.

(4)

Total number of shares held includes 32 shares held by children.

Ulrich Spiesshofer (appointed CEO as of September 15, 2013)

148,179

31,104

67,293

78,395

72,603

Eric Elzvik (joined the EC on February 1, 2013)

23,284

201,250

221,375

287,500

27,071

Jean-Christophe Deslarzes (joined ABB on November 15, 2013)

27,071

144,802

Diane de Saint Victor

201,707

26,359

38,673

31,848

66,380

150,000

Frank Duggan

26,389

422,215

21,326

35,289

25,632

62,232

Greg Scheu(4)

7,974

201,250

221,375

29,664

24,830

56,008

Pekka Tiitinen (joined the EC on September 15, 2013)

5,500

603,750

221,375

12,041

22,294

Tarak Mehta

24,670

24,211

35,289

25,632

60,572

Veli-Matti Reinikkala

137,388

18,517

37,223

9,810

63,891

Bernhard Jucker

154,050

27,753

45,924

37,033

78,827

Claudio Facchin (joined the EC on December 1, 2013)

1,883

11,458

17,598

22,294

Total Executive Committee members as of December 31, 2013

731,024

1,428,465

664,125

287,500

160,728

318,994

331,910

460,513

144,802

150,000

At December 31, 2014, the following members of the Executive Committee held vested WARs and conditionally granted ABB shares under the performance component of the LTIP 2014, 2013 and 2012, which at the time of vesting will be settled in cash.

 

Vested at Dec. 31, 2014

Unvested at December 31, 2014

Name

Number of fully vested WARs held under the MIP

Reference number of shares under the performance component of the 2012 launch of the LTIP

Reference number of shares under the performance component of the 2013 launch of the LTIP

Reference number of shares under the performance component of the 2014 launch of the LTIP

 

 

(vesting 2015)

(vesting 2016)

(vesting 2017)

Ulrich Spiesshofer

22,588

50,024

51,489

Eric Elzvik

201,250

16,659

17,147

Jean-Christophe Deslarzes

16,659

17,147

Diane de Saint Victor

20,652

19,599

20,173

Frank Duggan

18,845

15,023

15,463

Greg Scheu

17,425

14,553

14,684

Pekka Tiitinen

6,950

13,720

14,122

Tarak Mehta

18,845

15,023

16,139

Veli-Matti Reinikkala

19,878

15,091

15,534

Bernhard Jucker

24,524

18,992

19,548

Claudio Facchin

387,500

10,665

13,720

14,122

Total Executive Committee members as of December 31, 2014

588,750

160,372

209,063

215,568

At December 31, 2013, the following members of the Executive Committee held vested WARs and conditionally granted ABB shares under the performance component of the LTIP 2013, 2012 and 2011, which at the time of vesting will be settled in cash.

 

Vested at Dec. 31, 2013

Unvested at December 31, 2013

Name

Number of fully vested WARs held under the MIP

Maximum number of conditionally granted shares under the performance component of the 2011 launch of the LTIP

Reference number of shares under the performance component of the 2012 launch of the LTIP

Reference number of shares under the performance component of the 2013 launch of the LTIP

 

 

(vesting 2014)

(vesting 2015)

(vesting 2016)

Ulrich Spiesshofer
(appointed CEO as of September 15, 2013)

15,460

22,588

50,024

Eric Elzvik (joined the EC on February 1, 2013)

434,380

16,659

Jean-Christophe Deslarzes
(joined ABB on November 15, 2013)

16,659

Diane de Saint Victor

14,194

20,652

19,599

Frank Duggan

13,780

18,845

15,023

Greg Scheu

17,425

14,553

Pekka Tiitinen
(joined the EC on September 15, 2013)

6,950

13,720

Tarak Mehta

12,516

18,845

15,023

Veli-Matti Reinikkala

11,965

19,878

15,091

Bernhard Jucker

17,933

24,524

18,992

Claudio Facchin
(joined the EC on December 1, 2013)

675,000

7,639

10,665

13,720

Total Executive Committee members as of December 31, 2013

1,109,380

93,487

160,372

209,063