Director/PDMR Shareholding

RNS Number : 8951N

BAE SYSTEMS PLC

08 September 2011

 



BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") OR THEIR CONNECTED PERSONS

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

(i)  The Company yesterday granted options under the BAE Systems Performance Share Plan to the following PDMRs as set out below:

Name of PDMR	Number of shares granted under option
Alan Garwood	213,005
Kevin Taylor	58,623

The above options granted on 7 September 2011 are over ordinary shares of 2.5p each in BAE Systems plc at nil consideration.  The options are exercisable in three tranches between 07.09.14 and 07.09.18 subject to the attainment of performance conditions.

(ii)   The Company was notified today that Ian King, a PDMR, exercised options over 62,906 ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan at nil consideration on 8 September 2011 and subsequently disposed of 37,147 of those shares at a price of 275.5 pence per share.  The transaction took place on the London Stock Exchange. 

8 September 2011

 

END

 

 

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