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20 Nov 2015 16:02
ARM Holdings plc (the "Company") announces that the following vests took place under the Employee Equity Plan ("EEP") on 12 November 2015:
Name | Total number of shares vested under the EEP | Shares automatically sold to meet tax liability at 1049.31 pence per share | Total resultant shareholding |
Philip Davis (PDMR) | 13,150
| 6,181 | 6,969 |
Jennifer Duvalier (PDMR) | 18,957
| 8,910 | 10,047 |
The Company also announces that under the EEP, Christopher Kennedy, a PDMR of the Company, received a Restricted Stock Units ("RSU") award of 90,218 shares which took effect on 12 November 2015.
The Company also announces that the following Long Term Incentive Plan ("LTIP") awards were made to the following PDMRs which took effect on 12 November 2015:
Name | Total number of shares awarded under the ARM 2015 LTIP | Total number of conditional awards now held under the LTIP |
Christopher Kennedy | 27,911
| 27,911 |
Rene Haas | 2,186 ADRs
| 20,524 plus 8,381 ADRs |
The mid-market closing price of the Company's share on 11 November 2015 was 1053 pence per share and $47.98 per ADR (1 ADR is equivalent to 3 Ordinary shares).
Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of TSR and EPS performance measures and they will normally vest 3 years from the date of award.
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