Last checked at 3 Aug 2017 14:39
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or person closely associated
The Company announces that on 2 August 2017 additional shares vested under the BP Executive Directors' Incentive Plan (the "Plan"), in respect of the following Executive Directors of BP p.l.c..
The Performance Share Award 2014-2016 - vesting
This vesting represents additional dividends received on the vested award under the EDIP performance share award 2014, which vested on 19 May 2017, as announced under RNS 9573F. The released amount stated below will be retained for a period of three years.
Vested amount | Shares sold for tax and expenses | Released amount | |
Mr R W Dudley (ADSs) | 1,844 | 869 | 975 |
Dr B Gilvary (ordinary shares) | 5,152 | 2,427 | 2,725 |
The Deferred Matching Award 2014 - vesting
This vesting represents additional dividends received on the vested award under the EDIP deferred matching award 2014, which vested on 24 February 2017 and 19 May 2017, as announced under RNS 8375X and RNS 9573F, respectively.
Vested amount | Shares sold for tax and expenses | Released amount | |
Mr R W Dudley (ADSs) | 18 | 10 | 8 |
Dr B Gilvary (ordinary shares) | 70 | 34 | 36 |
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 | 983 ADSs acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax and expenses where applicable. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
983
Nil consideration. Market value $36.40
Market value $35,781.20 | ||||
e) | Date of the transaction | 2 August 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 | 2,761 shares acquired pursuant to the vesting of ordinary shares under the BP Executive Directors' Incentive Plan, following adjustments for tax and expenses where applicable. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
2,761
Nil consideration. Market value £4.593
Market value £12,681.27 | ||||
e) | Date of the transaction | 2 August 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.