BP PLC Director/PDMR Shareholding (6941M)
May 08 2015 - 10:34AM
UK Regulatory
TIDMBP.
RNS Number : 6941M
BP PLC
08 May 2015
BP p.l.c.
Notification of transactions of persons discharging managerial
responsibility or connected persons
BP p.l.c. (the "Company") has made a formal determination of the
vesting of shares awarded under the Executive Directors' Incentive
Plan (EDIP) for the performance period 2012-2014. In the BP Annual
Report and Form 20-F 2014 directors' remuneration report there was
an estimation of reserve replacement used in the performance
measures which led to an estimated total vesting of 60.5%. Final
information required to make a formal determination has now become
available. As a result, the Company determined that 63.8% of the
award would vest. On 7 May 2015 the following Directors of BP
p.l.c. acquired the numbers of the Company's ordinary shares (ISIN
number GB0007980591) or ADSs (ISIN number US0556221044), including
any reinvested dividends, shown opposite their respective names
below.
The Company was informed on 8 May 2014, by the Trustee of the BP
Employee Share Ownership Trust, that on 7 May 2015 it received a
transfer of such ordinary shares and/or ADSs to satisfy the vesting
of these share awards taking into account tax applicable on
vesting, when the market value was GBP4.571 per ordinary share or
US$41.83 per ADS. The remaining ordinary shares and ADSs are
required to be retained by the Directors in accordance with the
EDIP plan rules.
Director Total Ordinary Ordinary Shares/ADSs*
Shares/ADSs* Vested Retained After Tax
and Commission
-------------- --------------------- ----------------------
Mr R W Dudley 142,881 ADSs 88,788 ADSs
-------------- --------------------- ----------------------
Dr B Gilvary 398,389 Ordinary 252,937 Ordinary
Shares Shares
-------------- --------------------- ----------------------
* 1 ADS is equivalent to 6 ordinary shares
This notice is given in fulfilment of the obligation under
DTR3.1.4(1)(a)R.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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