REG - Tullow Oil PLC Tullow Oil PLC - FP Tullow Oil PLC - NP - Director/PDMR Shareholding <Origin Href="QuoteRef">TLW.L</Origin>

Tullow OilAnnouncement

26/04/2017 16:05

RNS Number : 4486D
Tullow Oil PLC
26 April 2017
Tullow Oil plc ("Tullow" or the "Company")
Director/PDMR Notification
The Company announces certain transactions which have occurred under the Company's employee share plans in relation to the nil paid rights issued pursuant to the Company's rights issue which was announced on 17 March 2017 (the "Rights Issue"). In addition, certain adjustments have been made to awards made and/or held under the Company's employee share plans.
Share Incentive Plan
The following transactions occurred in respect of certain of the Company's PDMR's participation in the Tullow UK Share Incentive Plan.
Name and title of PDMR
Nil paid rights attached to SIP holding
Nil paid rights sold
Price nil paid rights sold on 6 April 2017
Nil paid rights retained and taken up
Price at which nil paid rights taken up on 24 April 2017
Paul McDade
CEO
6,029
3,726
0.803875
2,303
1.30
Angus McCoss
Exploration Director
3,492
2,158
0.803875
1,334
1.30
Ian Springett
CFO
2,716
1,679
0.803875
1,037
1.30
Ian Cloke
VP, New Ventures
3,322
2,053
0.803875
1,269
1.30
David Lawrie
VP, North & West Africa
2,336
1,444
0.803875
892
1.30
Gary Thompson
VP, East Africa
1,179
729
0.803875
450
1.30
Brian Williams
VP, Corporate Finance
6,029
3,726
0.803875
2,303
1.30
Les Wood
Interim CFO
453
280
0.803875
173
1.30


Tullow Incentive Plan awards
The following adjustments have occurred to certain of the Company's PDMRs' vested and unvested awards under the Tullow Incentive Plan ("TIP"). The adjustments have been calculated by an independent agent pursuant to the rules of the TIP.
Name and title of PDMR
Original award grant date
Additional awards pursuant to adjustment*
Aidan Heavey
Chairman
19 February 2014
18 February 2015
11 February 2016
17,840
26,462
97,944
Paul McDade
CEO
19 February 2014
18 February 2015
11 February 2016
10,088
14,966
55,390
Angus McCoss
Exploration Director
19 February 2014
18 February 2015
11 February 2016
10,088
14,966
55,390
Ian Springett
CFO
19 February 2014
18 February 2015
11 February 2016
10,712
15,890
58,814
Ian Cloke
VP, New Ventures
19 February 2014
18 February 2015
11 February 2016
3,746
3,862
17,155
David Lawrie
VP, North & West Africa
19 February 2014
18 February 2015
11 February 2016
4,515
5,296
23,529
Gary Thompson
VP, East Africa
19 February 2014
18 February 2015
11 February 2016
1,518
5,602
24,887
Brian Williams
VP, Corporate Finance
19 February 2014
18 February 2015
11 February 2016
5,681
5,692
25,286
Les Wood
Interim CFO
18 February 2015
11 February 2016
4,634
23,631
* The vesting date for each tranche of additional awards is the same as the vesting date for the underlying awards to which they have been added.


Tullow Employee Share Awards Plan awards
The following adjustments have occurred to certain of the Company's PDMRs' vested and unvested awards under the Tullow Employee Share Awards Plan ("ESAP"). The adjustments have been calculated by an independent agent pursuant to the rules of the ESAP.
Name and title of PDMR
Original award grant date
Additional awards pursuant to adjustment*
Ian Cloke
VP, New Ventures
6 August 2015
4,793
David Lawrie
VP, North & West Africa
6 August 2015
6,574
Gary Thompson
VP, East Africa
6 August 2015
6,954
Brian Williams
VP, Corporate Finance
6 August 2015
7,065
Les Wood
Interim CFO
19 February 2014
6 August 2015
5,592
6,603
* The vesting date for each tranche of additional awards is the same as the vesting date for the underlying awards to which they have been added.
Tullow Performance Share Plan 2005 awards
The following adjustments have occurred to certain of the Company's PDMRs' vested awards under the Tullow Performance Share Plan 2005 ("PSP"). The adjustments have been calculated by an independent agent pursuant to the rules of the PSP.
Name and title of PDMR
Original award grant date
Additional awards pursuant to adjustment*
Paul McDade
CEO
15 May 2008
18 March 2009
17 March 2010
13,905
17,037
2,420
Ian Springett
CFO
1 September 2008
18 March 2009
17 March 2010
11,930
18,091
2,569
Ian Cloke
VP, New Ventures
18 March 2009
17 March 2010
3,250
665
Gary Thompson
VP, East Africa
9 September 2013
5,440
Brian Williams
VP, Corporate Finance
15 May 2008
18 March 2009
17 March 2010
7,255
7,123
1,267
* The vesting date for each tranche of additional awards is the same as the vesting date for the underlying awards to which they have been added.


Tullow Deferred Share Bonus Plan 2005 awards
The following adjustments have occurred to certain of the Company's PDMRs' vested awards under the Deferred Share Bonus Plan 2005 ("DSBP"). The adjustments have been calculated by an independent agent pursuant to the rules of the DSBP.
Name and title of PDMR
Original award grant date
Additional awards pursuant to adjustment*
Paul McDade
CEO
13 March 2008
18 March 2009
17 March 2010
18 March 2011
21 March 2012
22 February 2013
2,543
4,915
2,761
1,958
4,472
4,471
Ian Springett
CFO
17 March 2010
18 March 2011
21 March 2012
22 February 2013
2,932
2,079
4,748
4,748
* The vesting date for each tranche of additional awards is the same as the vesting date for the underlying awards to which they have been added.
Tullow Executive Share Option Scheme 2000 awards
The following adjustments have occurred to the following vested award under the Tullow Executive Share Option Scheme 2000 ("ESOS"). The adjustment has been calculated by an independent agent pursuant to the rules of the ESOS.
Name and title of PDMR
Original award grant date
Additional awards pursuant to adjustment*
Ian Cloke
VP, New Ventures
13 March 2008
2,424
* The vesting date for the additional awards is the same as the vesting date for the underlying award to which they have been added.

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