Director/PDMR Shareholding

RNS Number : 7234W

BP PLC

28 April 2016

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

BP p.l.c. (the "Company") has made a final determination of the vesting of shares awarded under the Executive Directors' Incentive Plan (EDIP) for the performance period 2013-2015.

For the purposes of the Director's Remuneration Report contained in the BP Annual Report and Form 20-F 2015, there was a preliminary assessment of the relative reserve replacement ratio performance measure which, when considered with the performance on other measures led to an expected vesting of 77.6% of the shares awarded. As in previous years, full information required to make a final determination has only now become available. As a result, the Company has determined that 74.3% of this award will vest.

Accordingly, on 28 April 2016 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 names below.

The Company was informed on 28 April 2016, by the Trustee of the BP Employee Share Ownership Trust, that on 28 April 2016 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.

The remaining ordinary shares and ADSs are required to be retained by the Directors for a period of three years in accordance with the EDIP plan rules.

Director	Total vested	Retained after tax and commission
Mr R W Dudley	171,389 ADSs*	108,843 ADSs*
Dr B Gilvary	473,598 ordinary shares	308,743 ordinary shares

* 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

 

 

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