Director/PDMR Shareholding

RNS Number : 3763H

BP PLC

16 May 2014

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

On 15 May 2014, BP p.l.c.'s (the "Company") Remuneration Committee determined the vesting of shares of the Company previously awarded under the Executive Directors' Incentive Plan (EDIP) for the performance period 2011-2013. In the BP Annual Report and Form 20-F 2013 directors' remuneration report there was an estimation of reserve replacement used in the performance measures which led to an estimated total vesting of 39.5%. Further to final information required for the analysis of the performance measures becoming available, the formal assessment of the vesting level of the awards is 45.5%. 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), including any reinvested dividends, shown opposite their respective names below.

The Company was informed on 16 May 2014, by the Trustee of the BP Employee Share Ownership Trust, that on 15 May 2014 it received a transfer of such ordinary shares and/or ADSs to satisfy the vesting of these share awards taking into account tax applicable on vesting, when the market value was £5.042 per ordinary share or US$50.665 per ADS. The remaining ordinary shares and ADSs are required to be retained by the Directors in accordance with the EDIP plan rules.

Director	Total Ordinary Shares/ADSs* Vested	Ordinary Shares/ADSs* Retained After Tax and Commission
Mr I Conn	331,330 ordinary shares	175,292 ordinary shares
Mr R W Dudley	115,766 ADSs	61,355 ADSs

* 1 ADS is equivalent to 6 ordinary shares

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

 

END

 

 

RDSQKADNNBKDQPD