Last checked at 5 Feb 2016 17:24
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or connected persons
BP p.l.c. was notified by Mr H L McKay (a person discharging managerial responsibility in BP p.l.c.) that on 4 February 2016 he elected to receive Restricted Share Units equivalent to the number of ADSs (ISIN number US0556221044) shown below, at a price of $29.66 per ADS, under the BP Restricted Share Plan II which will be granted on 15 March 2016. This is a conditional award, matched on a one-for-one basis with Restricted Share Units. These awards of Restricted Share Units are expected to vest in early 2019 depending on the Company's assessment of safety and environmental sustainability over a three year period, commencing on 1 January 2016 and ending on 31 December 2018. These performance conditions are consistent with the participant's grant letter under the BP Restricted Share Plan II. Mr H L McKay will be entitled to additional ADSs representing the value of reinvested dividends on those Restricted Share Units which vest.
Deferred Award (including matched shares)
ADS equivalents | ||
Mr H L McKay | RSU awards | 65,088 Restricted Share Units |
matching RSU awards | 65,088 Restricted Share Units |
BP p.l.c. has also been notified by the following senior executives whose names are listed below (all persons discharging managerial responsibility in BP p.l.c.) elected to participate in the BP Annual Cash Bonus Deferral Plan. The company announces that on 8 March 2016, in accordance with the plan, the senior executives will acquire either the number of BP Ordinary Shares (ISIN number GB0007980591) at £3.32 per share or the number of ADSs (ISIN number US0556221044) at $29.66 per ADS shown against their respective names. They will also be granted the number of Restricted Share Units shown against their respective names. The Ordinary Shares, the ADSs and the Restricted Share Units are all subject to a three-year retention period and are expected to vest in early 2019.
Name of PDMR | Date of election | Number of Ordinary Shares | Number of Restricted Share Units |
Mr R Bondy | 04 February 2016 | 45,816 | 86,466 |
Mr T Erginbilgic | 05 February 2016 | 63,087 | 104,450 |
Mr B Looney | 05 February 2016 | 42,229 | 79,679 |
Mr H Schuster | 04 February 2016 | 25,166 | 50,333 |
Mr D Sanyal | 05 February 2016 | 35,100 | 66,227 |
Name of PDMR | Date of election | Number of ADSs | Number of Restricted Share Units |
Mr R Fryar | 04 February 2016 | 7,315 | 12,111 |
The plan participants will be entitled to any dividends paid on the Ordinary Shares or ADSs. In addition, they will be entitled to additional Ordinary Shares or ADSs representing the value of reinvested dividends on those Restricted Share Units which vest.
This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.