Director/PDMR Shareholding

RNS Number : 2487N

BP PLC

12 February 2009

 



The Company announces that on 11 February 2009, performance share awards (the Award) were made to the following Executive Directors under the share element of the BP Executive Directors' Incentive Plan (the Plan).

Director                                                                         Max number of Ordinary Shares

                                                                                       in the Company under Award

Dr A B Hayward                                                                               1,182,540  

Mr I C Conn                                                                                         780,816          

Mr A.G. Inglis                                                                                      780,816

                                                                                       Max number of ADSs under Award

Dr B E Grote                                                                                        165,488

These shares pertain to the 2009-2011 performance period. The number of shares/ADSs set out above is the maximum number which may vest under the Award. The actual number of shares/ADSs which vest will depend on the extent to which performance conditions have been satisfied over a three-year period ending 31 December 2011. These performance conditions are consistent with the rules of the Plan, as described in the summary of the Plan set out in the Directors' Remuneration Report which is contained in BP's Annual Report and Accounts 2008.  In addition, each Director will be entitled to additional shares/ADSs representing the value of reinvested dividends on those shares/ADSs which vest.

 

END

 

 

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