Director/PDMR Shareholding

RNS Number : 9635G

BAE SYSTEMS PLC

19 May 2011

 



BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") OR THEIR CONNECTED PERSONS

Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:

(i)  The Company was notified yesterday by the trustee of the BAE Systems ESOP Trust, IFG Trust (Jersey) Limited, that the following PDMRs purchased ordinary shares of 2.5p each in BAE Systems plc at a consideration of 337.1 pence per share ("Investment Shares") under the BAE Systems Share Matching Plan on 18 May 2011.  The transaction took place on the London Stock Exchange and the shares are held in the name of IFG Trust (Jersey) Limited.  The same PDMRs were concurrently awarded a contingent interest in ordinary shares of 2.5p each in BAE Systems plc at nil consideration ("Award Shares") also under the BAE Systems Share Matching Plan.  The number of shares acquired were as follows:  

Name of PDMR	Number of Investment Shares acquired (beneficial interest)	Number of Award Shares acquired (contingent interest)
Philip Bramwell	33,795	114,559
Andrew Davies	24,532	83,159
Alan Garwood	39,158	132,738
Guy Griffiths	37,734	127,911
Linda Hudson	64,785	219,610
Alastair Imrie	16,512	55,972
Ian King	125,634	425,877
Charlotte Lambkin	9,702	32,888
Peter Lynas	9,898	33,552
Bob Murphy	25,057	84,938
Larry Prior	13,051	44,240
Nigel Whitehead	37,769	128,030

(ii)  The Company yesterday granted options under the BAE Systems Performance Share Plan to the following PDMRs as set out below:

Name of PDMR	Number of shares granted under option
Philip Bramwell	180,213
Andrew Davies	130,154
Alan Garwood	162,993
Guy Griffiths	166,196
Linda Hudson*	294,752
Alastair Imrie	169,801
Ian King	693,414
Charlotte Lambkin	106,125
Peter Lynas	272,700
Bob Murphy*	134,615
Larry Prior*	153,212
Nigel Whitehead	180,213

The above options granted on 18 May 2011 are over ordinary shares of 2.5p each in BAE Systems plc at nil consideration.  The options are exercisable in three tranches between 18.05.14 and 18.05.18 subject to the attainment of performance conditions.

* A conditional award of shares was granted on 18 May 2011 over ordinary shares of 2.5p each BAE Systems plc at nil consideration as set out above.  The award vests in three tranches between 18.05.14 and 18.05.16 subject to the attainment of performance conditions.

(iii)  A conditional award of shares was granted on 18 May 2011 under the BAE Systems Restricted Share Plan over ordinary shares of 2.5p each in BAE Systems plc at nil consideration as set out below.  The award vests on 18.05.2014.

Name of PDMR	Number of shares granted under option
Linda Hudson	119,743
Bob Murphy	50,480
Larry Prior	57,454

(iv)  The Company was notified yesterday that the following PDMRs exercised options over ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan as well as acquiring additional shares deriving from the notional dividends on these awards which have accrued during the three year performance period.  No consideration was paid.  Some of the shares were subsequently disposed of on 18 May 2011 as indicated below at a consideration of 334.4 pence per share.  These transactions took place on the London Stock Exchange. 

Name of PDMR	No. of shares under option exercised	No. of shares sold
Andrew Davies	6,672	4,034
Alan Garwood	31,912	28,558
Ian King	42,822	25,288

19 May 2011

 

END

 

 

RDSUKONRAUAVAAR