REG - BAE SYSTEMS PLC - Director/PDMR Shareholding
Director/PDMR Shareholding
1. BAE Systems Long Term Incentive Plan
BAE Systems plc announces that certain Persons Discharging Management Responsibility (PDMRs) have acquired ordinary 2.5p shares derived from performance and restricted share awards granted under the Company's Long Term Incentive Plan at nil consideration; and a number of the shares were subsequently sold to cover tax liability.
The details of these transactions, which took place on the London Stock Exchange, are set out below.
1.1 BAE Systems Long Term Incentive Plan - Performance Shares
Number of
shares exercised
Number of shares sold
Sale price (per share)
Thomas Arseneault
29,596
13,381
433.09 pence
Jerry DeMuro
70,384
31,823
433.09 pence
1.2 BAE Systems Long Term Incentive Plan - Restricted Shares
Number of shares acquired
Number of shares sold
Sale price
(per share)
Thomas Arseneault
73,325
33,153
433.09 pence
Jerry DeMuro
144,229
65,211
433.09 pence
2. BAE Systems Deferred Bonus Plan
In addition, on 20 March 2020, the following PDMRs purchased ordinary shares of 2.5p each at a consideration of 496.62 pence per share under the DBP ("Deferred Shares"):
Number of Deferred Shares acquired (beneficial interest)
Sale price (per share)
David Armstrong
8,257
496.62 pence
Christopher Boardman
15,101
496.62 pence
Philip Bramwell
20,685
496.62 pence
Julian Cracknell
4,297
496.62 pence
Jerry DeMuro
66,333
496.62 pence
Bradley Greve
11,420
496.62 pence
Karin Hoeing
17,081
496.62 pence
Peter Lynas
36,941
496.62 pence
Glyn Phillips
7,738
496.62 pence
Mark Phillips
4,063
496.62 pence
Charles Woodburn
72,627
496.62 pence
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tom Arseneault
2
Reason for the notification
a)
Position/status
President & Chief Operating Officer of BAE Systems, Inc.
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Acquisition of shares under the Long Term Incentive Plan - Performance and Restricted Shares and, the subsequent disposal of some of those shares and retention of the balance of shares
c)
Price(s) and volume(s)
Price
Volume
Acquisition of shares on release of share awards
Nil
102,921
Sale of shares, including those sold to satisfy tax liabilities
£4.3309
46,534
Shares retained
56,387
d)
Aggregated information
- Aggregated volume
- Price
Acquisition
Volume: 102,921
Price GBP: Nil
Shares sold (to satisfy tax liabilities)
Volume: 46,534
Price GBP: £201,534.10
e)
Date of the transaction
2020-03-23
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jerry DeMuro
2
Reason for the notification
a)
Position/status
Chief Executive Officer, BAE Systems, Inc. and Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Acquisition of shares under the Long Term Incentive Plan - Performance and Restricted Shares and, the subsequent disposal of some of those shares and retention of the balance of shares
c)
Price(s) and volume(s)
Price
Volume
Acquisition of shares on release of share award
Nil
214,613
Sale of shares, including those sold to satisfy tax liabilities
£4.3309
97,034
Shares retained
117,579
d)
Aggregated information
- Aggregated volume
- Price
Acquisition
Volume: 214,613
Price GBP: Nil
Shares sold (to satisfy tax liabilities)
Volume: 97,034
Price GBP: £420,244.55
e)
Date of the transaction
2020-03-23
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jerry DeMuro
2
Reason for the notification
a)
Position/status
Chief Executive Officer, BAE Systems, Inc. and Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
66,333
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 66,333 shares
£329,422.94
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Armstrong
2
Reason for the notification
a)
Position/status
Group Business Development Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
8,257
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 8,257 shares
£41,005.91
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Christopher Boardman
2
Reason for the notification
a)
Position/status
Group Managing Director, Air
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
15,101
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 15,101 shares
£74,994.59
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Philip Bramwell
2
Reason for the notification
a)
Position/status
Group General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
20,685
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 20,685 shares
£102,725.85
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Julian Cracknell
2
Reason for the notification
a)
Position/status
Managing Director, Applied Intelligence
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
4,297
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 4,297 shares
£21,339.76
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bradley Greve
2
Reason for the notification
a)
Position/status
Group Finance Director Designate
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
11,420
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 11,420 shares
£56,714.00
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Karin Hoeing
2
Reason for the notification
a)
Position/status
Group Human Resources Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
17,081
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 17,081 shares
£84,827.66
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Peter Lynas
2
Reason for the notification
a)
Position/status
Group Finance Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
36,941
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 36,941 shares
£183,456.39
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Glyn Phillips
2
Reason for the notification
a)
Position/status
Group Managing Director Maritime and Land UK
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
7,738
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 7,738 shares
£38,428.46
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Phillips
2
Reason for the notification
a)
Position/status
Group Communications Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
4,063
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 4,063 shares
£20,177.67
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Charles Woodburn
2
Reason for the notification
a)
Position/status
Chief Executive Officer and Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BAE Systems plc
b)
LEI
8SVCSVKSGDWMW2QHOH83
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 2.5p each in BAE Systems plc
GB0002634946
b)
Nature of the transaction
Purchase of deferred shares under the DBP.
c)
Price(s) and volume(s)
Price
Volume
£4.9662
72,627
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 72,627 shares
£360,680.21
e)
Date of the transaction
20-03-20
f)
Place of the transaction
XLON - London Stock Exchange
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