REG - BAE SYSTEMS PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">BAES.L</Origin>

BAE SystemsAnnouncement

24/03/2016 13:53

RNS Number : 2162T
BAE SYSTEMS PLC
24 March 2016
BAE SYSTEMS plc
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") OR THEIR CONNECTED PERSONS
Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:
(i) The Company was notified yesterday that the following PDMRs purchased ordinary shares of 2.5p each in BAE Systems plc at a consideration of 504.27 pence per share ("Deferred Shares") under the BAE Systems Deferred Bonus Plan on 23 March 2016. The transaction took place on the London Stock Exchange. The number of shares acquired was as follows: 
Name of PDMR
Number of Deferred Shares acquired (beneficial interest)
Philip Bramwell
14,271
Jerry DeMuro
47,173
Claire Divver
9,915
Alan Garwood
12,975
Guy Griffiths
14,123
Ian King
56,718
Peter Lynas
23,810
Lynn Minella
13,728
Kevin Taylor
5,422
Nigel Whitehead
15,731
(ii) The Company yesterday granted options over ordinary shares of 2.5p each in BAE Systems plc under the BAE Systems Long-term Incentive Plan 2014 ("Share Options") to the following PDMRs as set out below:
Name of PDMR
Number of shares granted under option
Thomas Arseneault
289,258
Philip Bramwell
126,273
Jerry DeMuro
542,143
Claire Divver
86,397
Alan Garwood
114,310
Guy Griffiths
126,273
Ian King
590,797
Peter Lynas
343,424
Lynn Minella
119,627
Kevin Taylor
117,281
Nigel Whitehead
132,919
The option price is 498.8 pence per share
(iii) The Company yesterday granted options over ordinary shares of 2.5p each in BAE Systems plc under the BAE Systems Long-Term Incentive Plan 2014 ("Performance Shares") at nil consideration to the following PDMRs as set out below:
Name of PDMR
Number of shares granted under option/award
Thomas Arseneault*
142,090
Philip Bramwell
145,699
Jerry DeMuro*
336,406
Claire Divver
99,689
Alan Garwood
131,896
Guy Griffiths
145,699
Ian King
492,331
Peter Lynas
246,120
Lynn Minella
138,031
Kevin Taylor
135,324
Nigel Whitehead
153,368
* awards granted to the US PDMRs are automatically released, subject to the performance condition having been met, without the need to exercise an option. 
(iv)Conditional awards of shares were granted yesterday under the BAE Systems Long-Term Incentive Plan 2014 ("Restricted Shares") over ordinary shares of 2.5p each in BAE Systems plc at nil consideration to the following PDMRs as set out below:
Name of PDMR
Number of shares under award
Jerry DeMuro
139,011
Thomas Arseneault
71,045
24 March 2016

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