Director/PDMR Shareholding

RNS Number : 8002R

BP PLC

06 May 2009

 



The Company announces that on 6 May 2009, performance share awards (the Award) were made to Robert Dudley under the share element of the BP Executive Directors' Incentive Plan (the Plan).  Mr Dudley was awarded 89,939 American Depositary Shares (ADSs).  This award was pro rated to reflect his appointment date.

These shares pertain to the 2009-2011 performance period. The number of ADSs set out above is the maximum number which may vest under the Award. The actual number of ADSs which vest will depend on the extent to which performance conditions have been satisfied over a three-year period ending 31 December 2011. These performance conditions are consistent with the rules of the Plan, as described in the summary of the Plan set out in the Directors' Remuneration Report which is contained in BP's Annual Report and Accounts 2008.  In addition, the Director will be entitled to additional ADSs representing the value of reinvested dividends on those ADSs which vest.

 

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