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Last checked at 
11 May 2020 12:45
11 May 2020
J Sainsbury plc
(the "Company")
Director/PDMR Shareholding
On 7 May 2020, the following Directors and Persons Discharging Managerial Responsibility (''PDMRs'') were granted awards under the J Sainsbury plc Long Term Incentive Plan 2016. The awards were granted as nil-cost options over ordinary shares of 284/7 pence each in the Company ("Shares") as set out below:
Future Builder Awards ("FBA")
PDMRs
| Core Award Number of Shares | Maximum Award Number of Shares |
Kevin O'Byrne (Director) | 165,093 | 660,372 |
Jim Brown | 124,309 | 497,236 |
Tim Fallowfield | 84,756 | 339,024 |
Philip Jordan | 141,260 | 565,040 |
Paul Mills-Hicks | 122,363 | 489,452 |
Clodagh Moriarty | 113,008 | 452,032 |
Angie Risley | 101,112 | 404,448 |
Simon Roberts | 256,291 | 1,025,164 |
(1) The FBA are subject to performance conditions measured over three financial years. The FBA will normally vest in two tranches, 50% after 3 years and 50% after 4 years, subject to the achievement of the performance conditions.
(2) The FBA for Simon Roberts and Kevin O'Byrne is subject to an additional retention period meaning that any vested FBA will be released five years after the date of grant.
(3) The FBA for Simon Roberts reflects his appointment to Chief Executive Officer, effective 1 June 2020.
(4) Should maximum vesting be achieved, participants would receive four times the number of Shares of their core award.
(5) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
(6) The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.
Deferred Share Awards ("DSA")
PDMRs | Number of Shares |
Mike Coupe (Director) | 238,607 |
Kevin O'Byrne (Director) | 129,331 |
Jim Brown | 71,214 |
Tim Fallowfield | 61,610 |
Philip Jordan | 94,674 |
Paul Mills-Hicks | 94,674 |
Clodagh Moriarty | 66,624 |
Angie Risley | 78,231 |
Simon Roberts | 110,362 |
(1) The DSA were granted based on performance during the 2019/20 financial year.
(2) The DSA vest following a two-year deferral period.
(3) On leaving, the DSA for Mike Coupe will be pro-rated to reflect his period of employment during the deferral period.
(4) Dividend equivalents may be delivered (either in cash or Shares) in respect of dividends accrued on any Shares which subsequently vest.
(5) The Remuneration Committee decided it is appropriate to use the month average Share price prior to the grant date to determine the number of Shares awarded. This compares to normally using the five dealing days average Share price prior to the grant date.
The Notification of Dealing Forms for each PDMR can be found below.
This notification is made in accordance with the requirements of Market Abuse Regulation Article 19.
Enquiries
Investor Relations: James Collins +44 (0) 20 7695 0080
Media: Rebecca Reilly +44 (0) 20 7695 7295
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Mike Coupe | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 | Ordinary shares of 284/7 pence each
| ||
Identification code | ISIN: GB00B019KW72 | |||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 238,607 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Kevin O'Byrne | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Financial Officer | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 789,703 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Jim Brown | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Executive Officer, Sainsbury's Bank | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 568,450 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Tim Fallowfield | ||
2 | Reason for the notification | |||
a) | Position/status | Company Secretary and Corporate Services Director
| ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 400,634 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Philip Jordan | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Information Officer | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 659,714 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Paul Mills-Hicks | ||
2 | Reason for the notification | |||
a) | Position/status | Commercial Director | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 584,126 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Clodagh Moriarty | ||
2 | Reason for the notification | |||
a) | Position/status | Chief Digital Officer | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 518,656 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Angie Risley | ||
2 | Reason for the notification | |||
a) | Position/status | Group HR Director | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 482,679 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Simon Roberts | ||
2 | Reason for the notification | |||
a) | Position/status | Retail and Operations Director | ||
b) | Initial notification /Amendment | Initial notification | ||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
a) | Name | J Sainsbury plc | ||
b) | LEI | 213800VGZAAJIKJ9Y484 | ||
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 284/7 pence each
ISIN: GB00B019KW72 | ||
b) | Nature of the transaction | Award of nil-cost options granted under the J Sainsbury plc Long Term Incentive Plan 2016 | ||
c) | Price(s) and volume(s) | Price(s) | Volumes(s) | |
£nil | 1,135,526 | |||
d) | Aggregated information
| Aggregated price | Aggregated volume | |
N/A | N/A | |||
e) | Date of the transaction | 07 May 2020 | ||
f) | Place of the transaction | Outside a trading venue | ||
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