Director/PDMR Shareholding

RNS Number : 6096T

BAE SYSTEMS PLC

30 March 2016

 

BAE SYSTEMS plc

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

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

BAE Systems plc announces that certain Persons Discharging Management Responsibility (PDMRs) have exercised share options and acquired shares derived from performance and restricted share awards granted under the Company's long-term incentive plans, and a number of the shares were subsequently sold.

The Company was notified of these transactions on 29/30 March 2016, and the details of these transactions, which took place on the London Stock Exchange, are set out below.

Executive Share Option Plan

The following PDMRs exercised options to acquire ordinary 2.5p shares in BAE Systems plc on 29 March 2016 at the option price stated below. As indicated, a number of the shares were subsequently disposed of on 29 March 2016.

	Number of shares under option exercised	Option price (per share)	Shares sold*	Shares retained	Sale price (per shares)
Kevin Taylor	137,053	388.9 pence	31,067	Nil	502.9 pence
Nigel Whitehead	158,814	388.9 pence	36,000	Nil	502.9 pence

* Share options settled on net settled basis, ie the Company only issued shares to the value of the difference between the option price and the market price on exercise.

Performance Share Plan

The following PDMRs exercised options granted under the Performance Share Plan to acquire ordinary shares of 2.5p each in BAE Systems plc at nil consideration as set out below. As indicated, a number of the shares were subsequently disposed of.

	Number of shares exercised	Number of shares sold	Sale price (per share)	Date of transaction
Thomas Arseneault*	11,474	8,153	502.9 pence	29 March 2016
Kevin Taylor	4,452	4,452	512.07 pence	30 March 2016

*This relates to a contingent award, rather than an option, under the BAE Systems Performance Share Plan.

Restricted Share Plan

The following PDMR acquired ordinary shares of 2.5p each in BAE Systems plc on 29 March 2016 at nil consideration under the BAE Systems Restricted Share Plan, as set out below. As indicated, a number of the shares were subsequently disposed of.

	Number of shares acquired	Number of shares sold	Sale price (per share)
Thomas Arseneault	80,331	57,083	502.9 pence

30 March 2016

 

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