Director/PDMR Shareholding

RNS Number : 3010O

BP PLC

05 February 2016

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

BP p.l.c. was notified by Mr H L McKay (a person discharging managerial responsibility in BP p.l.c.) that on 4 February 2016 he elected to receive Restricted Share Units equivalent to the number of ADSs (ISIN number US0556221044) shown below, at a price of $29.66 per ADS, under the BP Restricted Share Plan II which will be granted on 15 March 2016. This is a conditional award, matched on a one-for-one basis with Restricted Share Units. These awards of Restricted Share Units are expected to vest in early 2019 depending on the Company's assessment of safety and environmental sustainability over a three year period, commencing on 1 January 2016 and ending on 31 December 2018. These performance conditions are consistent with the participant's grant letter under the BP Restricted Share Plan II. Mr H L McKay will be entitled to additional ADSs representing the value of reinvested dividends on those Restricted Share Units which vest.

Deferred Award (including matched shares)

		ADS equivalents
Mr H L McKay	RSU awards	65,088 Restricted Share Units
	matching RSU awards	65,088 Restricted Share Units

BP p.l.c. has also been notified by the following senior executives whose names are listed below (all persons discharging managerial responsibility in BP p.l.c.) elected to participate in the BP Annual Cash Bonus Deferral Plan. The company announces that on 8 March 2016, in accordance with the plan, the senior executives will acquire either the number of BP Ordinary Shares (ISIN number GB0007980591) at £3.32 per share or the number of ADSs (ISIN number US0556221044) at $29.66 per ADS shown against their respective names.  They will also be granted the number of Restricted Share Units shown against their respective names.  The Ordinary Shares, the ADSs and the Restricted Share Units are all subject to a three-year retention period and are expected to vest in early 2019.

Name of PDMR	Date of election	Number of Ordinary Shares	Number of Restricted Share Units
Mr R Bondy	04 February 2016	45,816	86,466
Mr T Erginbilgic	05 February 2016	63,087	104,450
Mr B Looney	05 February 2016	42,229	79,679
Mr H Schuster	04 February 2016	25,166	50,333
Mr D Sanyal	05 February 2016	35,100	66,227
Name of PDMR	Date of election	Number of ADSs	Number of Restricted Share Units
Mr R Fryar	04 February 2016	7,315	12,111

The plan participants will be entitled to any dividends paid on the Ordinary Shares or ADSs.  In addition, they will be entitled to additional Ordinary Shares or ADSs representing the value of reinvested dividends on those Restricted Share Units which vest.

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

 

END

 

 

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