Compensation and share ownership tables

Exhibit 19: Board compensation in 2015 and 2014 (audited)

 

Paid in 2015

Paid in 2014

 

November
Board term 2015–2016

May
Board term 2014–2015

Total compen­sation paid in 2015(3)

November
Board term 2014–2015

May
Board term 2013–2014

 

Name

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Settled in cash(1)

Settled in shares – number of shares received(2)

Total compen­sation paid in 2014(3)

 

CHF

 

CHF

 

CHF

CHF

 

CHF

 

CHF

(1)

Represents gross amounts paid, prior to deductions for social security, withholding tax etc.

(2)

Number of shares per Board member is calculated based on net amount due after deductions for social security, withholding tax etc.

(3)

In addition to the Board remuneration stated in the above table, the Company paid in 2015 and 2014 CHF 473,942 and CHF 664,870, respectively, in related social security payments.

(4)

Elected as new Board member and Chairman of the Board at the ABB Ltd 2015 AGM; Chairman of the Governance & Nomination Committee for the 2015-2016 board term; elected to receive 100 percent of his gross compensation in the form of ABB shares for the 2015-2016 board term.

(5)

Chairman of ABB Ltd Board for the 2013-2014 and 2014-2015 board terms; Member of the Governance & Nomination Committee for the 2013-2014 and 2014-2015 board terms; did not stand for re-election at the ABB Ltd 2015 AGM; elected to receive 100 percent of his gross compensation in the form of ABB shares for the 2013-2014 and 2014-2015 board terms.

(6)

Vice-Chairman of the ABB Ltd Board and member of the Governance & Nomination Committee for the 2015-2016 board term; Member of the Finance, Audit & Compliance Committee for the 2013-2014 and 2014-2015 board terms; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(7)

Member of the Finance, Audit & Compliance Committee; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(8)

Member of the Governance & Nomination Committee for the 2014-2015 and 2015-2016 board terms; Member of the Finance, Audit & Compliance Committee for the 2015-2016 board term; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(9)

Elected as new Board member at the ABB Ltd 2015 AGM; Member of the Compensation Committee; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(10)

Chairman of the Finance, Audit & Compliance Committee; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(11)

Member of the Governance, Nomination & Compensation Committee until the ABB Ltd 2014 AGM when he did not stand for re-election; elected to receive 100 percent of his gross compensation in the form of ABB shares for the 2013-2014 board term.

(12)

Chairman of the Compensation Committee; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(13)

Chairman of the Governance & Nomination Committee and Member of the Compensation Committee until the ABB Ltd 2015 AGM; did not stand for re-election at the ABB Ltd 2015 AGM; elected to receive 50 percent of his gross compensation in the form of ABB shares.

(14)

Member of the Compensation Committee; elected to receive 50 percent of her gross compensation in the form of ABB shares.

Peter Voser, Chairman 2015-2016(4)

-

32,559

-

-

600,000

-

-

-

-

-

Hubertus von Grünberg, Chairman 2014-2015(5)

-

-

-

18,686

600,000

-

20,976

-

19,563

1,200,000

Jacob Wallenberg, Vice-Chairman 2015-2016(6)

112,500

4,911

82,500

3,040

390,000

82,500

3,003

75,000

2,547

315,000

Roger Agnelli(7)

82,500

3,333

82,500

2,816

330,000

82,500

2,779

75,000

2,359

315,000

Matti Alahuhta(8)

90,000

3,929

80,000

2,947

340,000

80,000

2,912

-

-

160,000

David Constable(9)

80,000

3,229

-

-

160,000

-

-

-

-

-

Louis R. Hughes(10)

100,000

4,365

100,000

3,455

400,000

100,000

3,417

100,000

3,172

400,000

Hans Ulrich Märki(11)

-

-

-

-

-

-

-

-

8,229

200,000

Michel de Rosen(12)

87,500

3,820

87,500

3,224

350,000

87,500

3,185

75,000

2,547

325,000

Michael Treschow(13)

-

-

95,000

3,336

190,000

95,000

3,458

75,000

2,547

340,000

Ying Yeh(14)

80,000

3,281

80,000

2,765

320,000

80,000

2,736

75,000

2,391

310,000

Total

632,500

59,427

607,500

40,269

3,680,000

607,500

42,466

475,000

43,355

3,565,000

Exhibit 20: EC compensation in 2015 (audited)

Name

Base
salary

Short-term
variable
compen­sation(1)

Pension
benefits

Other
benefits(2)

2015
Total cash-based compen­sation(3)

Estimated value of share-based grants under the LTIP in 2015(4)

2015
Total (incl. conditional share-based grants)(5)

 

CHF

CHF

CHF

CHF

CHF

CHF

CHF

(1)

Represents accrued short-term variable compensation for the year 2015 for all EC members, which will be paid in 2016, after the publication of ABB's financial results. Short-term variable compensation is linked to predefined Group-wide and individual performance objectives defined in the ABB scorecard. Upon full achievement of these objectives, the short-term variable compensation of the CEO corresponds to 150 percent of his base salary, while for all other EC members it represents 100 percent of their respective base salary.

(2)

Other benefits may include payments related to social security, health insurance, children's education, transportation, tax advice and certain other items.

(3)

Prepared on an accruals basis.

(4)

On the day of vesting (June 5, 2018), the value of the share-based awards granted under the LTIP may vary from the above amounts due to changes in ABB's share price and the outcome of the performance parameters. The LTIP is also subject to service conditions. The estimated values have been calculated using the market value of the ABB share on the day of grant and additionally, in the case of the performance component P2 of the LTIP, the Monte Carlo simulation model.

(5)

In addition to the total compensation of current EC members, payments totalling CHF 8,169 were made in 2015 on behalf of certain former EC members for tax advice.

(6)

The increase in pension benefits is the result of a review of the CEO's pension arrangements during the second half of 2015.

(7)

Frank Duggan received 20 percent of his base salary in AED and 80 percent in EUR. The company purchased EUR with AED to meet this obligation. The variance in base salary between 2014 and 2015 primarily relates to exchange rate movements between EUR and AED.

(8)

Greg Scheu received 100 percent of his base salary in USD. All USD amounts were converted into Swiss francs using a rate of CHF 0.9892 per USD. The pension benefits in 2015 are higher than 2014 as they represent contributions made in 2015 for both 2015 and 2014. Other benefits include CHF 269,000 of social security contributions in respect of 2014.

Ulrich Spiesshofer(6)

1,600,004

2,544,000

408,448

780,735

5,333,187

3,765,554

9,098,741

Eric Elzvik

850,007

856,800

270,335

349,021

2,326,163

974,264

3,300,427

Jean-Christophe Deslarzes

866,669

995,280

257,319

377,786

2,497,054

1,122,174

3,619,228

Diane de Saint Victor

1,000,001

1,002,000

293,177

674,074

2,969,252

1,005,044

3,974,296

Frank Duggan(7)

664,632

708,890

336,122

591,990

2,301,634

1,012,539

3,314,173

Greg Scheu(8)

808,012

823,352

360,922

598,259

2,590,545

1,001,756

3,592,301

Pekka Tiitinen

720,844

720,650

234,266

218,550

1,894,310

935,163

2,829,473

Tarak Mehta

813,345

831,504

242,003

446,628

2,333,480

935,304

3,268,784

Veli-Matti Reinikkala

782,507

787,355

281,522

338,704

2,190,088

788,953

2,979,041

Bernhard Jucker

986,505

1,056,330

295,325

392,338

2,730,498

1,134,740

3,865,238

Claudio Facchin

720,844

783,725

243,266

336,543

2,084,378

935,163

3,019,541

Peter Terwiesch

700,001

692,300

238,037

227,994

1,858,332

802,333

2,660,665

Total Executive Committee members

10,513,371

11,802,186

3,460,742

5,332,622

31,108,921

14,412,987

45,521,908

Exhibit 21: EC compensation in 2014 (audited)

Name

Base salary

Short-term variable compen­sation(1)

Pension benefits

Other benefits(2)

2014
Total cash-based compen­sation

Estimated value of share-based grants under the LTIP in 2014(3)

2014
Total (incl. conditional share-based grants)

 

CHF

CHF

CHF

CHF

CHF

CHF

CHF

(1)

Represents accruals of the short-term variable compensation for the year 2014 for all EC members, which will be paid in 2015, after the publication of the financial results. Short-term variable compensation is linked to the objectives defined in the ABB Group’s scorecard. Upon full achievement of these objectives, the short-term variable compensation of the CEO corresponds to 150 percent of his base salary, while for all other EC members it represents 100 percent of their respective base salary.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

At the day of vesting (August 12, 2017), the value of the share-based awards granted under the LTIP may vary from the above numbers due to changes in ABB’s share price and the outcome of the performance (earnings per share) parameter. The LTIP is also subject to service conditions. The estimated values have been calculated using the market value of the ABB share on the day of grant and additionally, in the case of the performance component of the LTIP, the Monte Carlo simulation model.

(4)

The above compensation figures for Ulrich Spiesshofer represent compensation in respect to his first full calendar year of service as CEO. His annual base salary remained unchanged at CHF 1,600,000.

(5)

Frank Duggan received 20 percent of his base salary in AED and 80 percent in EUR at a fixed AED/EUR exchange rate for the period January to December 2014. All AED amounts were converted into Swiss francs at a rate of CHF 0.2694219 per AED.

(6)

Greg Scheu received 100 percent of his base salary in USD. All USD amounts were converted into Swiss francs using a rate of CHF 0.9896 per USD.

Ulrich Spiesshofer(4)

1,600,004

2,059,200

265,325

633,857

4,558,386

3,020,437

7,578,823

Eric Elzvik

850,007

729,300

264,591

287,769

2,131,667

991,551

3,123,218

Jean-Christophe Deslarzes

850,007

729,300

251,106

280,473

2,110,886

991,551

3,102,437

Diane de Saint Victor

1,000,001

858,000

287,455

410,421

2,555,877

1,166,531

3,722,408

Frank Duggan(5)

748,145

641,908

328,518

607,503

2,326,074

894,155

3,220,229

Greg Scheu(6)

792,670

680,111

7,719

192,980

1,673,480

849,085

2,522,565

Pekka Tiitinen

700,001

600,600

228,045

192,747

1,721,393

816,592

2,537,985

Tarak Mehta

794,426

686,400

235,777

622,037

2,338,640

1,053,812

3,392,452

Veli-Matti Reinikkala

770,006

660,660

275,328

303,877

2,009,871

898,250

2,908,121

Bernhard Jucker

969,009

831,402

291,729

510,281

2,602,421

1,250,933

3,853,354

Claudio Facchin

700,001

600,600

236,951

263,397

1,800,949

937,166

2,738,115

Total Executive Committee members

9,774,277

9,077,481

2,672,544

4,305,342

25,829,644

12,870,063

38,699,707

Exhibit 22: Compensation to former EC members in 2014 (audited)

Name

Base salary

Short-term variable compensation(1)

Pension
benefits

Other
benefits(2)

2014
Total cash-based compensation

 

CHF

CHF

CHF

CHF

CHF

(1)

The short-term variable compensation was paid in 2014 at the time of departure from ABB.

(2)

Other benefits comprise payments related to social security, health insurance, children’s education, transportation, tax advice and certain other items.

(3)

The compensation of Joe Hogan was for the period January 1 to March 31, 2014, during which he was acting as a Senior Adviser to the ABB Board.

(4)

The compensation of Michel Demaré, Gary Steel and Brice Koch represents contractual obligations of ABB to those individuals in 2014, up to the time of their departure from ABB.

(5)

Prith Banerjee received tax advice related to his period of employment with ABB in the amount of CHF 2,700.

Joe Hogan
(CEO until September 15, 2013)(3)

502,503

753,750

74,194

1,126,823

2,457,270

Michel Demaré
(CFO until January 31, 2013)(4)

-

-

-

186,950

186,950

Gary Steel
(EC member until November 15, 2013)(4)

422,515

-

121,549

402,535

946,599

Brice Koch
(EC member until November 30, 2013)(4)

33,785

35,250

20,547

179,815

269,397

Prith Banerjee
(EC member until May 31, 2013)(5)

-

-

-

2,700

2,700

Total

958,803

789,000

216,290

1,898,823

3,862,916

Exhibit 23: LTIP grants in 2015 (audited)

Name

Reference number of shares under the performance component P1 of the 2015 launch of the LTIP(1)

Total estimated value of share-based grants under the performance component P1 of the 2015 launch of the LTIP in 2015(1),(2),(4)

Reference number of shares under the performance component P2 of the 2015 launch of the LTIP(1)

Total estimated value of share-based grants under the performance component P2 of the 2015 launch of the LTIP(1),(3),(4)

Total number of shares granted under the 2015 launch of the LTIP(1),(4)

Total estimated value of share-based grants under the LTIP in 2015(2),(3)

 

 

CHF

 

CHF

 

CHF

(1)

Vesting date June 5, 2018.

(2)

The estimated value of the shares of the P1 component represents the market value of the ABB share on the grant date of the award multiplied by the respective number of reference shares.

(3)

The shares of the performance component P2 are valued using the market value of the ABB share on the grant date of the award and the Monte Carlo simulation model.

(4)

The LTIP foresees delivering 30 percent of the value of vested shares (both performance components P1 and P2), if any, in cash. However, upon vesting participants have the possibility to elect to receive 100 percent of the vested award in shares. The plan foresees a maximum payout of 200 percent of the number of reference shares granted under the P2 component, based on the weighted cumulative EPS performance against predefined objectives.

(5)

In addition to the above awards, seven members of the EC participated in the 12th launch of the ESAP in 2015, which will allow them to save over a 12-month period and, in November 2016, use their savings to acquire ABB shares under the ESAP. Each EC member who participated in ESAP will be entitled to acquire up to 530 ABB shares at an exercise price of CHF 18.78 per share.

Ulrich Spiesshofer(5)

94,072

2,026,311

78,393

1,739,243

172,465

3,765,554

Eric Elzvik(5)

22,281

479,933

22,281

494,331

44,562

974,264

Jean-Christophe Deslarzes(5)

28,608

616,217

22,805

505,957

51,413

1,122,174

Diane de Saint Victor(5)

19,660

423,477

26,213

581,567

45,873

1,005,044

Frank Duggan

25,813

556,013

20,577

456,526

46,390

1,012,539

Greg Scheu

25,538

550,089

20,358

451,667

45,896

1,001,756

Pekka Tiitinen(5)

23,840

513,514

19,005

421,649

42,845

935,163

Tarak Mehta(5)

21,390

460,741

21,390

474,563

42,780

935,304

Veli-Matti Reinikkala

15,433

332,427

20,577

456,526

36,010

788,953

Bernhard Jucker(5)

25,951

558,985

25,951

575,755

51,902

1,134,740

Claudio Facchin

23,840

513,514

19,005

421,649

42,845

935,163

Peter Terwiesch

18,349

395,238

18,349

407,095

36,698

802,333

Total Executive Committee members as of December 31, 2015

344,775

7,426,459

314,904

6,986,528

659,679

14,412,987

Exhibit 24: LTIP grants in 2014 (audited)

Name

Reference number of shares under the performance component of the 2014 launch of the LTIP(1),(4)

Total estimated value of share-based grants under the performance component of the LTIP in 2014(2)

Number of retention shares granted under the 2014 launch of the LTIP(1),(3)

Total estimated value of share-based grants under the retention component of the LTIP in 2014(2)

Total number of shares granted under the 2014 launch of the LTIP(1)

Total estimated value of share-based grants under the LTIP in 2014(2)

 

 

CHF

 

CHF

 

CHF

(1)

Vesting date August 12, 2017.

(2)

The shares of the performance component are valued using the market value of the ABB share on the grant date and the Monte Carlo simulation model. The estimated value applied to the shares of the retention component represents the market value of the ABB share on the grant date of the award.

(3)

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

(4)

The vested performance component under the plan, if any, will be fully settled in cash. The plan foresees a maximum payout of 200 percent of the number of reference shares, based on the weighted cumulative EPS performance against predefined objectives.

(5)

In addition to the above awards, seven members of the EC, participated in the 11th launch of ESAP which will allow them to save over a 12-month period and, in November 2015, use their savings to acquire ABB shares under the ESAP. All EC members who participated in ESAP are each entitled to acquire up to 480 ABB shares at an exercise price of CHF 20.97 per share.

Ulrich Spiesshofer(5)

51,489

1,110,670

93,846

1,909,767

145,335

3,020,437

Eric Elzvik(5)

17,147

369,878

30,549

621,673

47,696

991,551

Jean-Christophe Deslarzes

17,147

369,878

30,549

621,673

47,696

991,551

Diane de Saint Victor(5)

20,173

435,152

35,940

731,379

56,113

1,166,531

Frank Duggan(5)

15,463

333,553

27,548

560,602

43,011

894,155

Greg Scheu

14,684

316,749

26,159

532,336

40,843

849,085

Pekka Tiitinen(5)

14,122

304,626

25,158

511,966

39,280

816,592

Tarak Mehta

16,139

348,135

34,677

705,677

50,816

1,053,812

Veli-Matti Reinikkala(5)

15,534

335,084

27,674

563,166

43,208

898,250

Bernhard Jucker(5)

19,548

421,670

40,750

829,263

60,298

1,250,933

Claudio Facchin

14,122

304,626

31,083

632,540

45,205

937,166

Total Executive Committee members as of December 31, 2014

215,568

4,650,021

403,933

8,220,042

619,501

12,870,063

Exhibit 25: Board ownership of ABB shares (audited)

 

Total number of shares held

Name

December 31, 2015

December 31, 2014

(1)

Peter Voser and David Constable were elected to the Board at the ABB Ltd AGM in 2015.

(2)

Includes 2,000 shares held by spouse.

(3)

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

(4)

Hubertus von Grünberg and Michael Treschow left the Board at the end of the 2014-2015 term of office.

Peter Voser(1),(2)

45,559

N/A

Hubertus von Grünberg(3)

N/A

253,264

Jacob Wallenberg(4)

193,659

185,708

Roger Agnelli

176,820

170,671

Matti Alahuhta

24,788

17,912

David Constable(1)

3,229

N/A

Louis R. Hughes

80,562

72,742

Michel de Rosen

146,646

139,602

Michael Treschow(3)

N/A

108,787

Ying Yeh

25,016

18,970

Total

696,279

967,656

Exhibit 26: EC ownership of ABB shares and options as of December 31, 2015 (audited)

 

 

Vested at December 31, 2015

Unvested at December 31, 2015

Name

Total number of shares held

Number of vested options held under the MIP(1)

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

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)

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

 

 

 

(vesting 2016)

(vesting 2017)

(vesting 2018)

(vesting 2016 and 2018)

(1)

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

(2)

Upon vesting, the LTIP foresees delivering 30 percent of the value of the vested shares under the retention component (LTIP 2013 and 2014) and performance components (P1 and P2 of LTIP 2015) in cash. However, participants have the possibility to elect to receive 100 percent of the vested award in shares.

(3)

The Replacement share grant foresees delivering 30 percent of the value of the vested shares in cash. However, the participant has 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

289,048

-

78,395

93,846

172,465

-

Eric Elzvik

23,768

710,125

27,071

30,549

44,562

-

Jean-Christophe Deslarzes

-

-

27,071

30,549

51,413

144,802

Diane de Saint Victor

475,446

-

31,848

35,940

45,873

-

Frank Duggan

132,896

-

25,632

27,548

46,390

-

Greg Scheu(4)

83,901

221,375

24,830

26,159

45,896

-

Pekka Tiitinen

21,000

221,375

22,294

25,158

42,845

-

Tarak Mehta

115,977

-

25,632

34,677

42,780

-

Veli-Matti Reinikkala

202,175

-

9,810

27,674

36,010

-

Bernhard Jucker

267,848

-

37,033

40,750

51,902

-

Claudio Facchin

41,501

-

22,294

31,083

42,845

-

Peter Terwiesch

30,393

250,000

15,919

16,457

36,698

-

Total Executive Committee members as of December 31, 2015

1,683,953

1,402,875

347,829

420,390

659,679

144,802

Exhibit 27: EC ownership of ABB shares and options as of December 31, 2014 (audited)

 

 

Vested at December 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)

 

 

 

 

 

 

 

 

 

(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

(3)

award in shares.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

(4)

have the possibility to elect to receive 100 percent of the vested award in shares.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

Exhibit 28: EC ownership of WARs and conditionally granted ABB shares (all cash-settled) as of December 31, 2015 (audited)

 

Vested at December 31, 2015

Unvested at December 31, 2015

Name

Number of fully vested WARs held under the MIP

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 2016)

(vesting 2017)

Ulrich Spiesshofer

-

50,024

51,489

Eric Elzvik

-

16,659

17,147

Jean-Christophe Deslarzes

-

16,659

17,147

Diane de Saint Victor

-

19,599

20,173

Frank Duggan

-

15,023

15,463

Greg Scheu

-

14,553

14,684

Pekka Tiitinen

-

13,720

14,122

Tarak Mehta

-

15,023

16,139

Veli-Matti Reinikkala

-

15,091

15,534

Bernhard Jucker

-

18,992

19,548

Claudio Facchin

287,500

13,720

14,122

Peter Terwiesch

-

10,007

10,292

Total Executive Committee members as of December 31, 2015

287,500

219,070

225,860

Exhibit 29: EC ownership of WARs and conditionally granted ABB shares (all cash-settled) as of December 31, 2014 (audited)

 

Vested at December 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