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

BPAnnouncement

24/02/2017 15:35

RNS Number : 8375X
BP PLC
24 February 2017
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or person closely associated
The Company announces that on 24 February 2017, the vesting of shares previously awarded were made to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan"), under the deferred matching element.
The Deferred Matching Vesting 2013 award:

Vested amount
Shares sold for tax and expenses

Released amount





Mr R W Dudley ADSs 
60,150
28,328

31,822





Dr B Gilvary
ordinary shares
234,070
110,234

123,836
 
This is the vesting and release of the deferred and matched shares awarded in 2014 in respect of the 2013 bonus and includes dividends accrued on the award. These share awards were subject to a review of safety and environmental performance over the three year period from 2014 to 2016. 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Robert W. Dudley
2
Reason for the notification
a)
Position/status
Chief Executive Officer / Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BP p.l.c.
b)
LEI
213800LH1BZH3DI6G760
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
American Depositary Shares (each representing 6 ordinary shares of $0.25)
US0556221044
b)
Nature of the transaction
Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
31,822
d)
Aggregated information
- Volume
- Price
- Total
31,822
Nil consideration. Market value $33.86
Market value $1,077,492.92
e)
Date of the transaction
24 February 2017
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Brian Gilvary
2
Reason for the notification
a)
Position/status
Chief Financial Officer / Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
BP p.l.c.
b)
LEI
213800LH1BZH3DI6G760
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 $0.25
GB0007980591
b)
Nature of the transaction
Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil consideration
123,836
d)
Aggregated information
- Volume
- Price
- Total
123,836
Nil consideration. Market value 4.504
Market value 557,757.34
e)
Date of the transaction
24 February 2017
f)
Place of the transaction
Outside a trading venue
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

This information is provided by RNS
The company news service from the London Stock Exchange
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