Note 11
Shareholdings of Board and Executive Committee

At December 31, 2017 and 2016, 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

2017

2016

(1)

Includes 2,000 shares held by spouse.

(2)

Does not include shares beneficially owned by Investor AB, of which Jacob Wallenberg is Chairman.

(3)

Robyn Denholm and Michel de Rosen left the Board at the end of the 2016/2017 term of office.

(4)

First elected to the Board at the ABB Ltd AGM in 2017.

(5)

Includes 3,150 shares held by spouse.

Peter Voser(1)

151,166

102,137

Jacob Wallenberg(2)

209,583

202,190

Matti Alahuhta

36,521

31,265

David Constable

14,797

9,295

Frederico Curado

7,439

2,573

Robyn Denholm(3)

2,871

Lars Förberg(4)

6,494

Louis R. Hughes

35,716

53,145

David Meline(5)

11,442

6,021

Satish Pai

7,889

2,871

Michel de Rosen(3)

79,443

Ying Yeh

35,455

30,518

Total

516,502

522,329

At December 31, 2017, 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.

 

 

 

Unvested at December 31, 2017

Name

Total number of shares held at December 31, 2017

 

Reference number of shares deliverable under the 2015 performance components (P1 and P2) of the LTIP(1)

Reference number of shares deliverable under the 2016 performance components (P1 and P2) of the LTIP(1)

Reference number of shares deliverable under the 2017 performance components (P1 and P2) of the LTIP(1)

Replacement share grant for foregone benefits from former employer(2)

Replacement share grant for foregone benefits from former employer(2)

 

 

 

(vesting 2018)

(vesting 2019)

(vesting 2020)

(vesting 2018)

(vesting 2019 and 2020)

(1)

It is expected that upon vesting, the LTIP will be settled 70 percent in shares and 30 percent in cash for the performance components (P1 and P2). However, participants have the possibility to elect to receive 100 percent of the vested award in shares.

(2)

It is expected that the replacement share grants will be settled 70 in shares and 30 percent in cash. However, the participants have the possibility to elect to receive 100 percent of the vested award in shares.

Ulrich Spiesshofer

410,646

 

172,465

175,881

150,886

Timo Ihamuotila (EC member as of April 1, 2017)

22,000

 

41,000

119,200

Jean-Christophe Deslarzes

96,651

 

51,413

56,287

45,348

65,819

Diane de Saint Victor

533,482

 

45,873

47,745

40,109

Frank Duggan

186,576

 

46,390

48,028

34,984

Greg Scheu

119,561

 

45,896

43,144

32,775

Sami Atiya

 

37,693

34,735

Tarak Mehta

159,222

 

42,780

45,624

34,494

Chunyuan Gu (EC member as of July 1, 2017)

13,570

 

25,937

25,799

31,196

Claudio Facchin

85,553

 

42,845

47,722

39,076

Peter Terwiesch

63,269

 

36,698

44,969

37,147

Total Executive Committee members as of December 31, 2017

1,690,530

 

510,297

572,892

521,750

65,819

119,200

At December 31, 2016, 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 December 31, 2016

 

Unvested at December 31, 2016

Name

Total number of shares held at December 31, 2016

 

Number of vested options held under the MIP(1)

 

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

Reference number of shares deliverable under the 2015 performance components (P1 and P2) of the LTIP(2)

Reference number of shares deliverable under the 2016 performance components (P1 and P2) of the LTIP(2)

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

 

 

 

 

 

(vesting 2017)

(vesting 2018)

(vesting 2019)

(vesting 2018)

(1)

Options may be sold or exercised to receive shares at the ratio of 5 options for 1 share.

(2)

It is expected that upon vesting, the LTIP will be settled 70 percent in shares and 30 percent in cash for both the retention component (LTIP 2014) and performance component (P1 and P2 of LTIP 2015 and 2016). However, participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

It is expected that the replacement share grant will be settled 70 percent in shares and 30 percent in cash. However, the participant has the possibility to elect to receive 100 percent of the vested award in shares.

Ulrich Spiesshofer

344,454

 

 

93,846

172,465

175,881

Eric Elzvik

71,369

 

408,875

 

30,549

44,562

40,583

Jean-Christophe Deslarzes

74,767

 

 

30,549

51,413

56,287

65,819

Diane de Saint Victor

507,824

 

 

35,940

45,873

47,745

Frank Duggan

158,528

 

 

27,548

46,390

48,028

Greg Scheu

101,250

 

221,375

 

26,159

45,896

43,144

Sami Atiya (EC member as of June 14, 2016)

 

 

37,693

Tarak Mehta

134,449

 

 

34,677

42,780

45,624

Bernhard Jucker

293,771

 

 

40,750

51,902

54,112

Claudio Facchin

63,795

 

 

31,083

42,845

47,722

Peter Terwiesch

46,312

 

 

16,457

36,698

44,969

Total Executive Committee members as of December 31, 2016

1,796,519

 

630,250

 

367,558

580,824

641,788

65,819

At December 31, 2016, the following members of the Executive Committee held vested WARs and conditionally granted ABB shares under the performance component of the LTIP 2014, which at the time of vesting will be settled in cash. At December 31, 2017, no such instruments were outstanding.

 

Vested at
December 31, 2016

 

Unvested at
December 31, 2016

Name

Number of fully vested WARs held under the MIP

 

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

 

 

 

(vesting 2017)

Ulrich Spiesshofer

 

51,489

Eric Elzvik

 

17,147

Jean-Christophe Deslarzes

 

17,147

Diane de Saint Victor

 

20,173

Frank Duggan

 

15,463

Greg Scheu

 

14,684

Sami Atiya (EC member as of June 14, 2016)

 

Tarak Mehta

 

16,139

Bernhard Jucker

 

19,548

Claudio Facchin

 

14,122

Peter Terwiesch

 

10,292

Total Executive Committee members as of December 31, 2016

 

196,204