Director/PDMR Shareholding

RNS Number : 4373F

BP PLC

20 February 2018

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or person closely associated

The Company announces that on 20 February 2018, the vesting of shares previously awarded were made to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan"), under the deferred element.

The Deferred Vesting 2014 award:

	Vested amount	Shares sold for tax and expenses		Released amount
Dr B Gilvary ordinary shares	219,004	103,138		115,866

This is the vesting and release of the deferred shares awarded in 2015 in respect of the 2014 bonus and includes dividends accrued on the award. These share awards were subject to a review of safety and environmental performance over the three year period from 2015 to 2017.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Gilvary
2	Reason for the notification
a)	Position/status	Chief Financial Officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of $0.25 GB0007980591
b)	Nature of the transaction	Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 115,866
d)	Aggregated information -      Volume -      Price -      Total	115,866 Nil consideration. Market value £4.7405 Market value £549,262.77
e)	Date of the transaction	20 February 2018
f)	Place of the transaction	Outside a trading venue

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

 

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