Director/PDMR Shareholding

RNS Number : 5751I
BAE SYSTEMS PLC
26 March 2015
 

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 was notified yesterday that the following PDMRs purchased ordinary shares of 2.5p each in BAE Systems plc at a consideration of 544.55 pence per share ("Deferred Shares") under the BAE Systems Deferred Bonus Plan on 25 March 2015.  The transaction took place on the London Stock Exchange.  The number of shares acquired was as follows:  

 

Name of PDMR

Number of Deferred Shares acquired (beneficial interest)

Philip Bramwell

13,326

Jerry DeMuro

25,077

Claire Divver

9,024

Alan Garwood

10,717

Guy Griffiths

12,797

Ian King

53,889

Peter Lynas

21,780

Lynn Minella

12,240

Kevin Taylor

11,543

Nigel Whitehead

16,380

 

 

(ii)  The Company yesterday granted options over ordinary shares of 2.5p each in BAE Systems plc under the BAE Systems Long-term Incentive Plan 2014 ("Share Options") to the following PDMRs as set out below:

 

Name of PDMR

Number of shares granted under option

Thomas Arseneault

258,380

Philip Bramwell

113,848

Jerry DeMuro

472,579

Claire Divver

77,880

Alan Garwood

102,969

Guy Griffiths

113,824

Ian King

532,562

Peter Lynas

308,018

Lynn Minella

107,834

Kevin Taylor

107,834

Nigel Whitehead

119,815

 

The option price is 542.5 pence per share

 

 

(iii)  The Company yesterday granted options over ordinary shares of 2.5p each in BAE Systems plc under the BAE Systems Long-Term Incentive Plan 2014 ("Performance Shares") at nil consideration to the following PDMRs as set out below:

 

Name of PDMR

Number of shares granted under option/award

Thomas Arseneault*

126,923

Philip Bramwell

131,364

Jerry DeMuro*

293,241

Claire Divver

89,861

Alan Garwood

118,811

Guy Griffiths

131,336

Ian King

443,801

Peter Lynas

220,746

Lynn Minella

124,423

Kevin Taylor

124,423

Nigel Whitehead

138,248

 

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

 

 

(iv)  Conditional awards of shares were granted yesterday under the BAE Systems Long-Term Incentive Plan 2014 ("Restricted Shares") over ordinary shares of 2.5p each in BAE Systems plc at nil consideration to the following PDMRs as set out below:

 

Name of PDMR

Number of shares under award

Jerry DeMuro

121,174

Thomas Arseneault

63,461

 

 

 

 

26 March 2015

 


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