BP PLC Director/PDMR Shareholding (3568Y)
May 08 2019 - 4:22AM
UK Regulatory
TIDMBP.
RNS Number : 3568Y
BP PLC
08 May 2019
BP p.l.c.
Notification of transactions of persons discharging managerial
responsibility or person closely associated
The Company announces that, on 3 May 2019, the vesting of shares
previously awarded to the following Executive Directors of BP
p.l.c. under the BP Executive Directors' Incentive Plan (the
"Plan") occurred.
EDIP deferred 2015 award - vesting of additional dividend
shares
Vested amount Shares sold Released amount
for tax and
expenses
Brian Gilvary (ordinary
shares) 5,364 2,528 2,836
This vesting represents additional dividends received on the
vested award under the EDIP deferred matching award granted in
2016, which vested on 19 February 2019 and was announced under RNS
6592Q.
EDIP Performance Share Award 2016-2018 - vesting
The Company has determined that 80% of shares awarded under the
EDIP performance share award 2016-2018 will vest. The rationale
behind this determination is detailed in the Directors'
Remuneration Report contained in BP's Annual Report and Form 20-F
2018. The released amount stated below will be retained for a
period of three years.
Vested amount Shares sold Released amount
for tax and
expenses
Robert W Dudley (ADSs) 269,974 127,142 142,832
Brian Gilvary (ordinary
shares) 776,611 365,739 410,872
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 American Depositary Shares (each representing 6
instrument ordinary shares of $0.25)
Identification code US0556221044
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Shares acquired pursuant to the vesting of shares
under the BP Executive Directors' Incentive
Plan, following adjustments for tax, dividends and
expenses.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil consideration 142,832
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information 142,832
* Volume Nil consideration. Market value $43.08
Nil. Market value $6,153,202.56
* Price
* Total
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 3 May 2019
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of $0.25
instrument GB0007980591
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Shares acquired pursuant to the vesting of shares
under the BP Executive Directors' Incentive
Plan, following adjustments for tax, dividends and
expenses.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil consideration 413,708
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information 413,708
* Volume Nil consideration. Market value GBP5.527050
Nil. Market value GBP2,286,584.80
* Price
* Total
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 3 May 2019
-------------------------------------------------------- -------------------------------------------------------
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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