Director/PDMR Shareholding

RNS Number : 8375X

BP PLC

24 February 2017

 

BP p.l.c.

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

The Company announces that on 24 February 2017, 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 matching element.

The Deferred Matching Vesting 2013 award:

	Vested amount	Shares sold for tax and expenses		Released amount
Mr R W Dudley ADSs	60,150	28,328		31,822
Dr B Gilvary ordinary shares	234,070	110,234		123,836

This is the vesting and release of the deferred and matched shares awarded in 2014 in respect of the 2013 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 2014 to 2016.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robert W. Dudley
2	Reason for the notification
a)	Position/status	Chief Executive 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	American Depositary Shares (each representing 6 ordinary shares of $0.25) US0556221044
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 31,822
d)	Aggregated information -      Volume -      Price -      Total	31,822 Nil consideration. Market value $33.86 Market value $1,077,492.92
e)	Date of the transaction	24 February 2017
f)	Place of the transaction	Outside a trading venue

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 123,836
d)	Aggregated information -      Volume -      Price -      Total	123,836 Nil consideration. Market value £4.504 Market value £557,757.34
e)	Date of the transaction	24 February 2017
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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