11 Mar 2010 17:01
11 March 2010
Inmarsat plc: Director and PDMR share dealing
Vesting of 2007 and 2008 awards under Bonus Share Plan
Awards over ordinary shares of €0.0005 in Inmarsat plc under the Bonus Share Plan were made to executive directors and executives who are classified as Persons Discharging Managerial Responsibility in March 2007 (following the monetary award made in March 2006) and in March 2008 (following the monetary award made in March 2007). Under the Rules of the Bonus Share Plan, the shares vest over three years.
The Bonus Share Plan is not an HM Revenue & Customs approved plan and on vesting, income tax and social security deductions become payable by the individual. The share price at which shares were sold on 11 March 2010 was 761.41p per share.
Where shares have been retained they will be added to the existing number of ordinary shares for the relevant individual.
| Name | Number of shares vesting on 10 March 2010 including reinvested dividends | Number of shares sold on 11 March 2010 | Number of shares retained on 11 March 2010 |
| Alison Horrocks | 23,299 | 23,299 | - |
| Eugene Jilg | 17,941 | 7,195 | 10,746 |
| Debra Jones | 26,522 | 26,522 | - |
| Rick Medlock* | 51,108 | 51,108 | - |
| Perry Melton | 29,642 | 29,642 | - |
| Rupert Pearce | 35,353 | 14,532 | 20,821 |
| Andrew Sukawaty* | 56,756 | 56,756 | - |
*denotes executive director. All other executives are those who are considered to be Persons Discharging Managerial Responsibility.
Vesting of 2007 award under Performance Share Plan
Awards over ordinary shares of €0.0005 in Inmarsat plc under the Performance Share Plan were made in March 2007 to the executive directors.
Under the Rules of the Performance Share Plan, the shares vest after three years subject to the achievement of the performance conditions. The shares vested in full on 10 March 2010.
The Performance Share Plan is not an HM Revenue & Customs approved plan and on vesting, income tax and social security deductions become payable by the individual. The share price at which shares were sold on 11 March 2010 was 761.41p per share.
| Name | Number of shares vesting on 10 March 2010 including reinvested dividends | Number of shares sold on 11 March 2010 |
|
Rick Medlock |
37,508 |
37,508 |
|
Andrew Sukawaty |
54,103 |
54,103 |
2009 award under Bonus Share Plan
Awards over ordinary shares of €0.0005 under the Bonus Share Plan have been made to the following executive directors and executives who are classified as Persons Discharging Managerial Responsibility.
These awards are based on a monetary award approved by the Remuneration Committee of the Company in March and May 2009 with the number of shares to be awarded being based on the mid-point closing price of the share price on 9 March 2010 of 768.00p per share. The awards under the Bonus Share Plan were contingent upon the Company meeting specified financial targets in respect of the 2009 Financial Year, which it has done and therefore the individuals noted below have been awarded the following number of shares. These shares vest in three instalments in March 2011, March 2012 and March 2013.
| Name | Number of shares awarded |
| Alison Horrocks | 17,077 |
| Debra Jones | 17,870 |
| Rick Medlock* | 41,905 |
| Perry Melton | 32,552 |
| James Parm | 36,937 |
| Rupert Pearce | 32,552 |
| Andrew Sukawaty* | 59,870 |
*denotes executive director. All other executives are those who are considered to be Persons Discharging Managerial Responsibility.
Director share dealing
Andrew Sukawaty sold 110,859 ordinary shares on 11 March 2010 at 761.41p per share. His shareholding reduced from 933,393 to 822,534 ordinary shares of Inmarsat plc