ABB Annual Report 2012 PDF - ABB Group Annual Report 2012

Note 11Executive Committeecompensation, continuedNo parties related to any of the Executive Committee members received any fees or remunerations for services renderedto ABB, other than on an arm’s length basis. A related party includes a spouse, children below the age of eighteen, legalor natural persons acting as fiduciary and legal entities controlled by a member of the Executive Committee.No loans or guarantees were granted to members of the Executive Committee in 2012.Note 12Share ownership of ABB byBoard members and membersof the Executive CommitteeAt December 31, 2012 and 2011, the members of the Board of directors as of that date, held the following numbers ofshares (or ADSs representing such shares):(1)Total number of shares held (1)Name December 31, 2012 December 31, 2011Hubertus von Grünberg 173,370 127,387Roger Agnelli 160,672 154,992Louis R. Hughes 63,928 56,337Hans Ulrich Märki 410,192 389,179Michel de Rosen 128,595 120,108Michael Treschow 97,506 91,741Jacob Wallenberg (1) 174,882 169,202Ying Yeh 8,909 3,197Total 1,218,054 1,112,143Share amounts provided in this section do not include the shares beneficially owned by Investor AB, of which Mr. Wallenberg is chairmanAt December 31, 2012 and 2011, the members of the Executive Committee, as of that date, held the following numbersof shares (or ADSs representing such shares), the conditional rights to receive ABB shares under the LTI Plan,options (either vested or unvested as indicated) under the MIP and unvested shares in respect of other compensationarrangements:Unvested at December 31, 2012NameTotal number of shares heldNumber of vested optionsheld under the MIP (1)Number of unvested optionsheld under the MIP (1)(vesting2013)Number of unvested optionsheld under the MIP (1)(vesting2014)Retention sharesdeliv erable under the 2010re tention com ponent ofthe LTI Plan (2)(vesting2013)Retention sharesdeliv erable under the 2011re tention com ponent ofthe LTI Plan (2)(vesting2014)Retention sharesdeliv erable under the 2012re tention com ponent ofthe LTI Plan (2)(vesting2015)Shares deliverable underthe one-time 2012 AIEP (3)(vesting2014)Number of shares grantedin respect of sign-on bonus(vestingJoe Hogan 255,046 – – – 87,841 99,371 148,249 – 189,682Michel Demaré (4) 397,772 – – – 41,609 40,450 – – –Gary Steel 219,365 – – – 23,140 23,517 35,377 66,795 –Ulrich Spiesshofer 164,191 – – – 23,440 31,104 67,293 72,603 –Diane de Saint Victor 179,189 – – – 21,938 26,359 38,673 66,380 –Bernhard Jucker 134,118 – – – 27,647 27,753 45,924 78,827 –Veli-Matti Reinikkala 122,763 – – – 20,065 18,517 37,223 63,891 –Brice Koch 30,424 – – – 21,036 27,388 51,066 68,870 –Tarak Mehta 15,771 190,850 – – 12,714 24,211 35,289 60,572 –Frank Duggan 15,803 631,930 – – 14,309 21,326 35,289 62,232 –Greg Scheu(joined on May 1, 2012) 32 544,920 201,250 221,375 – – 29,664 56,008 –Prith Banerjee (joinedABB on May 7, 2012) – – – – – – 30,763 29,042 –Total ExecutiveCommittee members asof December 31, 2012 1,534,474 1,367,700 201,250 221,375 293,739 339,996 554,810 625,220 189,682Options may be sold or exercised/converted into shares at the ratio of 5 options for 1 share.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 percentof the vested award in shares.The AIEP foresees to deliver 30 percent of the value of the vested shares in cash, but participants have the possibility to elect to receive 100 percent of the vested award in shares.The actual number of shares to be delivered could be increased up to a total maximum amount of 768,286 shares.Total number of shares held includes 4,500 shares held jointly with spouse.(1)(2)(3)(4)2013)ABB Annual Report 2012 | Financial review 147