Director/PDMR Shareholding -

RNS Number : 2319I

BP PLC

08 March 2010

 



BP p.l.c was advised on 8 March 2010, by Computershare Plan Managers, that an error was made  

in calculating the dividends accrued to Dr B E Grote in respect of his award under the Executive Directors' Incentive Plan for the performance period 2007-2009  The error has been rectified and the account records of Dr Grote amended to show the correct balance.

The Directors/PDMR shareholding announcement released under RNS No 8161G has been amended as follows:

Director	Total shares/ADS* Vested	Shares/ADSs* Retained After Tax
Dr B E Grote	16,917 ADSs	9,981

*1 ADS equivalent to 6 Ordinary Shares

All other details remain unchanged.  The full amended text is shown below:

BP p.l.c. was informed on 5 February 2010, by the Trustee of the BP Employee Share Ownership Trust, of the completion of the following transactions. 

The Company's Remuneration Committee determined the vesting of shares of the company previously awarded under the Executive Directors' Incentive Plan (EDIP) for the performance period 2007-2009.  The following Directors of BP p.l.c. acquired the numbers of the Company's Ordinary shares (ISIN number GB0007980591) or ADSs (ISIN number US0556221044) shown opposite their names below on 3 February 2010 at £5.7645 per share or US$55.17 per ADS.  On 3 February 2010 the Trustee of the BP Employee Share Ownership Trust purchased such shares or ADSs to satisfy the vesting of these share awards and also sold an appropriate number of these shares to meet the tax applicable on vesting.   

Director	Total Shares/ADSs* Vested	Shares/ADSs* Retained After Tax
Dr A B Hayward	147,985 Ordinary Shares	87,311 Ordinary Shares
Mr I Conn	95,697 Ordinary Shares	56,461 Ordinary Shares
Dr B E Grote	16,917 ADS's	9,981 ADS's
Mr A G Inglis	83,859 Ordinary Shares	49,476 Ordinary Shares

* 1 ADS is equivalent to 6 Ordinary Shares

BP p.l.c. was also notified of the vesting of shares under the Medium Term Performance Plan for the performance period 2007-2009.  Mr S Westwell, a person discharging managerial responsibility acquired 86,792 Ordinary Shares on 3 February 2010 at £5.7645 per share and retained 52,075 Ordinary Shares after tax.  The BP Employee Share Ownership trust purchased shares on 3 February 2010 to satisfy the vesting of this share award net of tax.

This notice is given in fulfillment of the obligation under DTR3.1.4(1)(a)R.

 

END

 

 

RDSBDGDXLDGBGGI