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17 Nov 2014 07:00
RNS announcement entitled "PDMRs' shareholdings"
ARM Holdings plc
14 November 2014
ARM Holdings plc (the "Company") announces that its Share Schemes Committee has approved an award of 52,601 restricted stock units under the Company's Employee Equity Plan (the "Plan") in favour of Philip Davis, who joined on 1 September 2014 and is a PDMR of the Company. The effective date of the award is 12 November 2014. Subject to the rules of the Plan, the restricted stock units will vest as Ordinary Shares at the rate of 25% on each of 12 November 2015, 2016, 2017 and 2018.
The mid market closing price on 11 November 2014, being the business day prior to the effective date of this award, was 874.5 pence per share.
In addition, on 12 November 2014, Jennifer Duvalier, who is a PDMR of the Company received 18,957 shares under the Plan, of which 8,910 shares were sold automatically at a price of 863.4 pence per share in order to meet tax liabilities. Her total resultant holding is 10,047 shares.
ENDS
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