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By LSE RNS

RNS Number : 8375X
BP PLC
24 February 2017
 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or person closely associated

The Company announces that on 24 February 2017, the vesting of shares previously awarded were made to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan"), under the deferred matching element.

 

The Deferred Matching Vesting 2013 award:

 

Vested amount

Shares sold for tax and expenses


Released amount






Mr R W Dudley ADSs     

60,150

28,328


31,822






Dr B Gilvary

ordinary shares

234,070

110,234


123,836

                                                                                               

This is the vesting and release of the deferred and matched shares awarded in 2014 in respect of the 2013 bonus and includes dividends accrued on the award.  These share awards were subject to a review of safety and environmental performance over the three year period from 2014 to 2016.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Robert W. Dudley

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 BP p.l.c.

b)

LEI

213800LH1BZH3DI6G760

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

American Depositary Shares (each representing 6 ordinary shares of $0.25)

US0556221044

b)

Nature of the transaction

Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil consideration

31,822

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

31,822

 

Nil consideration. Market value $33.86

 

Market value $1,077,492.92

e)

Date of the transaction

24 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Brian Gilvary

2

Reason for the notification

a)

Position/status

Chief Financial Officer / Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 BP p.l.c.

b)

LEI

213800LH1BZH3DI6G760

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of $0.25

GB0007980591

b)

Nature of the transaction

Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil consideration

123,836

d)

Aggregated information

-      Volume

 

-      Price

 

-      Total

 

123,836

 

Nil consideration. Market value £4.504

 

Market value £557,757.34

e)

Date of the transaction

24 February 2017

f)

Place of the transaction

Outside a trading venue

 

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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