REG - BP PLC - Director/PDMR Shareholding

BPAnnouncement

08/05/2019 09:26

RNS Number : 3568Y
BP PLC
08 May 2019
 


BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or person closely associated
The Company announces that, on 3 May 2019, the vesting of shares previously awarded to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan") occurred.
 
EDIP deferred 2015 award - vesting of additional dividend shares
 







Vested amount


Shares sold for tax and expenses


Released amount




Brian Gilvary (ordinary shares)


5,364


2,528


2,836



                                                                                               
This vesting represents additional dividends received on the vested award under the EDIP deferred matching award granted in 2016, which vested on 19 February 2019 and was announced under RNS 6592Q.
 
EDIP Performance Share Award 2016-2018 - vesting
The Company has determined that 80% of shares awarded under the EDIP performance share award 2016-2018 will vest. The rationale behind this determination is detailed in the Directors' Remuneration Report contained in BP's Annual Report and Form 20-F 2018.  The released amount stated below will be retained for a period of three years.
 







Vested amount


Shares sold for tax and expenses


Released amount






















Robert W Dudley (ADSs)


269,974


127,142


142,832




Brian Gilvary (ordinary shares)


776,611


365,739


410,872



 
 
 



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


142,832








d)


Aggregated information
-      Volume
 
-      Price
 
-      Total


 
142,832
 
Nil consideration. Market value $43.08
 
Nil. Market value $6,153,202.56




e)


Date of the transaction


3 May 2019




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


413,708








d)


Aggregated information
-      Volume
 
-      Price
 
-      Total


 
413,708
 
Nil consideration. Market value £5.527050
 
Nil. Market value £2,286,584.80




e)


Date of the transaction


 3 May 2019




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.




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