Last checked at 31 Jul 2018 17:21
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or person closely associated
The Company announces that on 31 July 2018, 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").
The Deferred Matching Award 2014 - dividend vesting
This vesting represents additional dividends received on the vested award under the EDIP deferred matching award 2014 (awarded in 2015), which vested on 20 February 2018 and 22 May 2018, as announced under RNS 4373F and RNS 9261O, respectively.
Vested amount | Shares sold for tax and expenses | Released amount | |
Dr B Gilvary (ordinary shares) | 42 | 21 | 21 |
The Performance Share Award 2015-2017 - vesting
This vesting represents additional dividends received on the vested award under the EDIP performance share award 2015-2017, which vested on 22 May 2018, as announced under RNS 9261O. 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) | 2,599 | 1,225 | 1,374 |
Dr B Gilvary (ordinary shares) | 7,795 | 3,672 | 4,123 |
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 | 1,374 ADSs acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses where applicable. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
1,374
Nil consideration. Market value $44.41
Market value $61,019.34 | ||||
e) | Date of the transaction | 31 July 2018 | ||||
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 | 4,144 shares acquired pursuant to the vesting of ordinary shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses where applicable. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Volume
- Price
- Total |
4,144
Nil consideration. Market value £5.655
Market value £23,434.32 | ||||
e) | Date of the transaction | 31 July 2018 | ||||
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.