Note 12 Share ownership of ABB by Board members and members of the Executive Committee

At December 31, 2011 and 2010, the members of the Board of Directors, as of that date, held the following numbers of shares (or ADSs representing such shares):

(XLS:)

 

Total number of shares held(1)

Name

December 31, 2011

December 31, 2010

(1)

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

Hubertus von Grünberg

127,387

82,167

Roger Agnelli

154,992

149,408

Louis R. Hughes

56,337

49,677

Hans Ulrich Märki

389,179

368,676

Michel de Rosen

120,108

111,328

Michael Treschow

91,741

86,071

Bernd W. Voss

n/a

157,890

Jacob Wallenberg(1)

169,202

163,618

Ying Yeh

3,197

n/a

Total

1,112,143

1,168,835

At December 31, 2011 and 2010, the members of the Executive Committee, as of that date, held the following numbers of shares (or ADSs representing such shares), the conditional rights to receive ABB shares under the LTI Plan, warrants or options (either vested or unvested as indicated) under the MIP and unvested shares in respect of bonus arrangements:

(XLS:)

 

 

 

Unvested at December 31, 2011

Name

Total
number
of shares
held(1)

Number of
options
held under
the MIP(2)

Number of unvested options held under the MIP(2)

Maximum
number of
conditionally
granted
shares under
the 2009
launch of the
LTI Plan(3)

Number of
matching
shares
deliverable
under the
2009 co-
investment
portion of the
LTI Plan(3)

Retention
shares
deliverable
under the
2010
retention
component
of the
LTI Plan(3)

Retention
shares
deliverable
under the
2011
retention
component
of the
LTI Plan(3)

Number of
shares
granted in
respect
of sign-on
bonus(3)

 

 

 

(vesting
2012)

(vesting
2012)

(vesting
2012)

(vesting
2013)

(vesting
2014)

(vesting
2013)

(1)

Includes shares deposited as match for the co-investment portion of the 2009 LTI Plan. These shares may be sold/transferred but then the corresponding number of co-investment shares would be forfeited.

(2)

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

(3)

The LTI Plan foresees to deliver 30 percent of the value of the vested retention shares in cash, but participants have the possibility to elect to receive 100 percent of the vested award in shares.

(4)

Total number of shares held includes 4,500 shares held jointly with spouse.

Joe Hogan

223,546

268,362

45,000

87,841

99,371

189,682

Michel Demaré(4)

373,935

127,119

34,054

41,609

40,450

Gary Steel

206,902

67,974

16,919

23,140

23,517

Ulrich Spiesshofer

152,889

64,443

16,147

23,440

31,104

Diane de Saint Victor

167,186

64,443

16,262

21,938

26,359

Bernhard Jucker

120,485

81,215

18,590

27,647

27,753

Peter Leupp

125,113

67,974

13,917

23,140

Veli-Matti Reinikkala

106,522

63,320

16,174

20,065

18,517

Brice Koch

30,424

42,408

21,036

27,388

Tarak Mehta

11,868

190,850

37,467

5,576

12,714

24,211

Frank Duggan

15,130

419,430

212,500

14,309

21,326

Total current Executive
Committee members


1,534,000


610,280


212,500

884,725

182,639

316,879

339,996

189,682

(XLS:)

 

 

 

Unvested at December 31, 2010

Name

Total
number
of shares
held(1)

Number of
options
held under
the MIP(2)

Maximum
number of
conditionally
granted
shares under
the 2008
launch of the
LTI Plan(4)

Number of
matching
shares
deliverable
under the
2008 co-
investment
portion of the
LTI Plan(4)

Maximum
number of
conditionally
granted
shares under
the 2009
launch of the
LTI Plan(4)

Number of
matching
shares
deliverable
under the
2009 co-
investment
portion of the
LTI Plan(4)

Retention
shares
deliverable
under the
2010
retention
component
of the
LTI Plan(4)

Number of
shares
granted in
respect
of sign-on
bonus(3),(4)

 

 

 

(vesting
2011)

(vesting
2011)

(vesting
2012)

(vesting
2012)

(vesting
2013)

(vesting 2011
and 2013)

(1)

Includes shares deposited as match for the co-investment portion of the LTI Plan. These shares may be sold/transferred but then the corresponding number of co-investment shares would be forfeited.

(2)

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

(3)

189,682 shares vest in each of 2011 and 2013.

(4)

The LTI Plan foresees to deliver 30 percent of the value of the vested retention shares in cash, but participants have the possibility to elect to receive 100 percent of the vested award in shares.

(5)

Total number of shares held includes 4,500 shares held jointly with spouse.

Joe Hogan

71,923

145,039

26,923

268,362

45,000

87,841

379,364

Michel Demaré(5)

363,445

71,880

10,490

127,119

34,054

41,609

Gary Steel

200,858

29,390

8,634

67,974

16,919

23,140

Ulrich Spiesshofer

144,580

27,863

8,309

64,443

16,147

23,440

Diane de Saint Victor

159,008

27,863

8,178

64,443

16,262

21,938

Bernhard Jucker

102,468

35,115

9,739

81,215

18,590

27,647

Peter Leupp

116,516

29,390

8,597

67,974

13,917

23,140

Veli-Matti Reinikkala

101,716

23,902

6,866

63,320

16,174

20,065

Brice Koch

27,224

22,252

3,200

42,408

21,036

Tarak Mehta

9,082

190,850

19,853

2,786

37,467

5,576

12,714

Total current Executive
Committee members

1,296,820


190,850

432,547

93,722

884,725

182,639

302,570

379,364

Furthermore, at December 31, 2011, the following members of the Executive Committee held conditionally granted ABB shares under the performance component of the LTI Plans 2011 and 2010, which at the time of vesting will be fully settled in cash. In addition certain members of the Executive Committee held warrant appreciation rights (WARs) that entitle the holder to exercise such WARs and receive in cash the market value of the equivalent listed warrant at the time of exercise.

(XLS:)

 

Maximum number of conditionally granted shares under the performance component of the 2010 launch of LTI Plan

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

Number of
fully vested
WARs held
under the MIP

Name

(vesting 2013)

(vesting 2014)

 

Joe Hogan

58,854

60,526

Michel Demaré

27,740

26,967

Gary Steel

14,952

15,196

Ulrich Spiesshofer

15,146

15,460

Diane de Saint Victor

14,175

14,194

Bernhard Jucker

17,865

17,933

Peter Leupp

14,952

375,000

Veli-Matti Reinikkala

12,965

11,965

Brice Koch

13,593

14,158

Tarak Mehta

8,392

12,516

Frank Duggan

9,444

13,780

375,000

Total current Executive Committee members

208,078

202,695

750,000

As of December 31, 2010, the following members of the Executive Committee held conditionally granted ABB shares under the performance component of the LTI Plan 2010 and warrant appreciation rights (WARs).

(XLS:)

 

Maximum number of conditionally granted shares under the performance component of the 2010 launch of LTI Plan

Number of
fully vested
WARs held
under the MIP

 

(vesting 2013)

 

Joe Hogan

58,854

Michel Demaré

27,740

Gary Steel

14,952

Ulrich Spiesshofer

15,146

Diane de Saint Victor

14,175

Bernhard Jucker

17,865

185,000

Peter Leupp

14,952

375,000

Veli-Matti Reinikkala

12,965

Brice Koch

13,593

Tarak Mehta

8,392

Total current Executive Committee members

198,634

560,000

The members of the Board of Directors and Executive Committee owned less than 1 percent of the Company’s total shares outstanding at December 31, 2011 and 2010.

Other than as disclosed, at December 31, 2011, no party related to any member of the Board of Directors or Executive Committee held any shares of ABB or options in ABB shares.

Financial review

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