Director/PDMR Shareholding

RNS Number : 2588A

BAE SYSTEMS PLC

28 March 2012

 



BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:

The Company was notified on 27 March 2012 by the trustee of the BAE Systems ESOP Trust, IFG Trust (Jersey) Limited, that on 26 March 2012:

(i) Contingent Awards over Matching Shares (being ordinary shares of 2.5p each in BAE Systems plc) were automatically released under the BAE Systems Share Matching Plan, together with additional shares deriving from the notional dividends on these awards which have accrued during the three year performance period, to the following Persons Discharging Managerial Responsibilities (PDMRs) as set out below, the related performance condition having been met.  No consideration was paid for the acquisition of these shares.  The shares were sourced from treasury shares.  Some of the shares were subsequently disposed of on 26 March 2012, as set out below.  The relevant shares were disposed of at a consideration of 304.64 pence per share and these transactions took place on the London Stock Exchange.

Name of PDMR	Number of shares acquired	Number of shares sold
Philip Bramwell	60,944	31,401
Alan Garwood	26,496	13,597
Guy Griffiths	38,896	19,945
Linda Hudson	48,975	34,884
Alastair Imrie	63,612	63,612
Ian King	182,183	94,548
Charlotte Lambkin	14,018	6,774
Peter Lynas	20,655	10,489
Bob Murphy	39,946	14,103
Kevin Taylor	24,214	12,382
Nigel Whitehead	68,162	35,534

(ii) The following PDMRs exercised options over ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan (which include additional shares deriving from the notional dividends on these awards which have accrued during the three year performance period), the related performance condition having been met.  No consideration was paid for the acquisition of these shares.  The shares were sourced from treasury shares.  Some of the shares were subsequently disposed of on 26 March 2012 as indicated below.  These transactions took place on the London Stock Exchange.

Name of PDMR	No. of shares over which under option exercised	Number of shares sold	Sale price per share
Philip Bramwell	59,022	35,086	305.98 pence
Linda Hudson*	33,472	23,840	304.71 pence
Alastair Imrie	39,119	39,119	304.39 pence
Ian King	96,451	57,132	305.98 pence
Peter Lynas	24,737	14,932	305.98 pence
Bob Murphy*	24,400	8,614	304.71 pence

*  awards to the US PDMRs are automatically released, subject to the performance condition having been met, without the need to exercise an option

28 March 2012           

 

END

 

 

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