Director/PDMR Shareholding

RNS Number : 9526G

BP PLC

10 February 2010

 



The Company announces that on 9 February 2010, performance share awards (the Award) were made to the following Executive Directors under the share element of the BP Executive Directors' Incentive Plan (the Plan).

Director                                                          Max number of Ordinary Shares

                                                                        of the Company under Award

Dr A B Hayward                                                               994,739                                             

Mr I C Conn                                                                       656,813                   

Mr A.G. Inglis                                                                     656,813

                                                                        Max number of ADSs under Award

Dr B E Grote                                                                     133,649

Mr R Dudley                                                                       96,847

These shares pertain to the 2010-2012 performance period.  The number of shares/ADSs set out above is the maximum number which may vest under the Award.  The actual number of shares/ADSs which vest will depend on the extent to which performance conditions have been satisfied over a three-year period ending 31 December 2012. 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 2009.  In addition, each Director will be entitled to additional shares/ADSs representing the value of reinvested dividends on those shares/ADSs which vest.

 

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