Director/PDMR Shareholding

RNS Number : 8609P
Tullow Oil PLC
31 March 2009
 



Tullow Oil plc

31 March 2009




Tullow Oil plc ('Tullow' or 'the Company')



Director/PDMR Shareholding


On 30 March 2009, the conditional share awards made to executive directors in March 2006 under the Tullow Oil 2005 Performance Share Plan ('PSP') vested in full following the Company's exceptional TSR performance over the three year performance period. Details of these awards and related share sales are set out in the table below.  Aidan Heavey (Chief Executive Officer) has retained all the shares that vested. The shares sold on 30 March 2009 by Graham Martin (General Counsel) and by Paul McDade (Chief Operating Officer) included sales to meet tax liabilities on vesting. 


Name of Director

Shareholding of ordinary shares prior to 30 March 2009

PSP Shares Vested


Shares Sold

Shareholding

following this

notification

Aidan Heavey

6,020,988

219,512

-

6,240,500

Graham Martin

1,359,610

129,125

53,048

1,435,687

Paul McDade

  255,269

118,364

80,452

   293,181


The total number of shares sold resulting from the above transactions amounted to 133,500 shares, the shares being sold at 787.12p.

This announcement is made in accordance with DR 3.1.4R (1) (a).

The Company was informed by the Directors listed above of the above transactions on 31 March 2009.



Enquiries


Richard Taylor 


Tullow Oil plc

+ 44 208 996 1000






  



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