REG - Sainsbury(J) PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">SBRY.L</Origin>

J SainsburyAnnouncement

12/05/2016 16:15

RNS Number : 1203Y
Sainsbury(J) PLC
12 May 2016
12 May 2016
J Sainsbury plc
Director/PDMR Shareholding
J Sainsbury plc (the Company) announces the following transactions by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs).
Future Builder awards - long-term incentive awards (Nil-cost options)
PDMRs
Core Award Number of Shares 
Maximum Award Number of Shares
Michael Coupe (Director)
219,234
876,936
John Rogers (Director)
129,278
517,112
Timothy Fallowfield
56,041
224,164
Peter Griffiths
84,912
339,648
Jon Hartland
20,461
81,844
Paul Mills-Hicks
76,420
305,680
Angela Risley
72,228
288,912
Jon Rudoe
65,770
263,080
Sarah Warby
60,330
241,320
(1) The awards were granted over ordinary shares of 28 4/7 pence each in the Company (Shares).
(2) The awards are subject to performance conditions measured over three financial years. The awards will normally vest in two tranches, 50% after 3 years and 50% after 4 years, subject to the achievement of the performance conditions.
(3) A core award of Shares was granted on 12 May 2016. Should maximum vesting be achieved, participants would receive four times the number of Shares in the core award.
(4) Dividend shares equivalent to the amount of dividend payable per vested share during the performance period will be allocated to the vested awards following the end of the performance period. 
(5) The awards granted to the Executive Directors were made under the J Sainsbury plc Long Term Incentive Plan 2006.
Deferred Share Awards (Nil-cost options)
PDMRs
Number of Shares 
Michael Coupe (Director)
304,121
John Rogers (Director)
183,410
Timothy Fallowfield
75,446
Peter Griffiths
85,742
Jon Hartland
38,706
Paul Mills-Hicks
98,301
Angela Risley
102,725
Jon Rudoe
92,158
Sarah Warby
84,534
(1) The awards were granted based on performance during the 2015/16 financial year.
(2) The awards were granted on 12 May 2016 and become exercisable following a two year retention period. 
(3) Dividend shares equivalent to the amount of dividend payable per vested share during the retention period will be allocated to the vested awards following the end of the retention period. 
(4) The awards were granted under the J Sainsbury plc Deferred Share Award 2009
This notification is to satisfy the Company's obligations under 3.1.4(R)(1)(a)of the Disclosure and Transparency Rules.
Tony Guthrie
Head of Secretariat
Tel: +44 (0)20 7695 3378

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