Director/PDMR Shareholding

RNS Number : 6554I

BAE SYSTEMS PLC

22 March 2018

 

BAE Systems Long Term incentive Plan 2014 ("LTIP")

BAE Systems plc announces that on 20 March 2018 it made the following awards over ordinary shares of 2.5p each in BAE Systems plc under the LTIP to the Persons Discharging Managerial Responsibilities ("PDMRs") specified below:

1.  Share Options, at an option price of 581.8 pence per share:

Name of PDMR	Number of shares granted under option
Thomas Arseneault	268,594
Christopher Boardman	94,964
Philip Bramwell	113,175
Claire Divver	89,378
Alan Garwood	102,449
Karin Hoeing-Cosentino	219,147
Nigel Whitehead	119,096

2.  Performance Shares granted in the form of nil cost options:

Name of PDMR	Number of shares granted under option
Christopher Boardman	109,574
Philip Bramwell	130,586
Claire Divver	103,128
Alan Garwood	118,211
Karin Hoeing-Cosentino	109,574
Peter Lynas	369,462
Nigel Whitehead	137,418
Charles Woodburn	570,454

3.  Performance Shares granted in the form of conditional awards:

Name of PDMR	Number of shares granted under award
Thomas Arseneault	131,941
Jerry DeMuro	388,559

4.  Restricted Shares granted in the form of conditional awards:

Name of PDMR	Number of shares under award
Thomas Arseneault	65,970
Jerry DeMuro	195,584

BAE Systems Deferred Bonus Plan ("DBP")

5.  In addition, yesterday the following PDMRs purchased ordinary shares of 2.5p each at a consideration of 587.30 pence per share under the DBP ("Deferred Shares"):   

Name of PDMR	Number of Deferred Shares acquired (beneficial interest)
Charles Woodburn	40,681
Peter Lynas	22,472
Christopher Boardman	8,015
Philip Bramwell	13,356
Claire Divver	10,280
Alan Garwood	11,661
Nigel Whitehead	14,577
Jerry DeMuro	45,443

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Arseneault
2	Reason for the notification
a)	Position/status	Chief Operating Officer, BAE Systems Inc
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; ·     Performance Shares in the form of a conditional award; and ·     Restricted Shares in the form of a conditional award.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 268,594 Performance Shares Nil consideration 131,941 Restricted Shares Nil consideration 65,970 Total: 466,505
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 466,505 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

a)	Name	Philip Bramwell
2	Reason for the notification
a)	Position/status	Group General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 113,175 Performance Shares Nil consideration 130,586 Total: 243,761
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 243,761 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Bramwell
2	Reason for the notification
a)	Position/status	Group General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 13,356
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 13,356 shares £78,439.79
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jerry DeMuro
2	Reason for the notification
a)	Position/status	President & Chief Executive Officer, BAE Systems Inc and Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Performance Shares in the form of a conditional award; and ·     Restricted Shares in the form of a conditional award.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Performance Shares Nil consideration 388,559 Restricted Shares Nil consideration 195,584 Total: 584,143
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 584,143 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jerry DeMuro
2	Reason for the notification
a)	Position/status	President & Chief Executive Officer, BAE Systems Inc and Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 45,443
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 45,443shares £266,886.74
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Claire Divver
2	Reason for the notification
a)	Position/status	Group Communications Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 89,378 Performance Shares Nil consideration 103,128 Total: 192,506
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 192,506 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Claire Divver
2	Reason for the notification
a)	Position/status	Group Communications Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 10,280
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 10,280 shares £60,374.44
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Garwood
2	Reason for the notification
a)	Position/status	Group Business Development Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 102,449 Performance Shares Nil consideration 118,211 Total: 220,660
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 220,660 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Garwood
2	Reason for the notification
a)	Position/status	Group Business Development Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 11,661
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 11,661 shares £68,485.05
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Boardman
2	Reason for the notification
a)	Position/status	Group Managing Director, Air
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 94,964 Performance Shares Nil consideration 109,574 Total: 204,538
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 204,538 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Christopher Boardman
2	Reason for the notification
a)	Position/status	Group Managing Director, Air
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 8,015
d)	Aggregated information - Aggregated volume - Price	Aggregated volume:  8,015 shares £47,072.10
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Karin Hoeing-Cosentino
2	Reason for the notification
a)	Position/status	Group Human Resources Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 219,147 Performance Shares Nil consideration 109,574 Total: 328,721
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 328,721 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Lynas
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Performance Shares Nil consideration 369,462 Total: 369,462
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 369,462 shares £00.00
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Lynas
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 22,472
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 22,472 shares £131,978.06
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Whitehead
2	Reason for the notification
a)	Position/status	Chief Technology Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Share Options at an option price of £5.818 per share; and ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Share Options Nil consideration 119,096 Performance Shares Nil consideration 137,418 Total: 256,514
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 256,514 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Whitehead
2	Reason for the notification
a)	Position/status	Chief Technology Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 14,577
d)	Aggregated information - Aggregated volume - Price	Aggregated volume:  14,577 shares £85,610.72
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Woodburn
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Award of shares under the LTIP: ·     Performance Shares in the form of a nil-cost option.
c)	Price(s) and volume(s)	Award Price(s) Volume(s) Performance Shares Nil consideration 570,454 Total: 570,454
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 570,454 shares £00.00
e)	Date of the transaction	Award made on 2018-03-20
f)	Place of the transaction	-

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Woodburn
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BAE Systems plc
b)	LEI	8SVCSVKSGDWMW2QHOH83
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 instrument Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Purchase of deferred shares under the DBP.
c)	Price(s) and volume(s)	Price Volume £5.873 40,681
d)	Aggregated information - Aggregated volume - Price	Aggregated volume: 40,681 shares £238,919.51
e)	Date of the transaction	2018-03-20
f)	Place of the transaction	XLON - London Stock Exchange

 

END

 

 

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