Director/PDMR Shareholding

RNS Number : 6941M

BP PLC

08 May 2015

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or connected persons

BP p.l.c. (the "Company") has made a formal determination of the vesting of shares awarded under the Executive Directors' Incentive Plan (EDIP) for the performance period 2012-2014. In the BP Annual Report and Form 20-F 2014 directors' remuneration report there was an estimation of reserve replacement used in the performance measures which led to an estimated total vesting of 60.5%. Final information required to make a formal determination has now become available. As a result, the Company determined that 63.8% of the award would vest. On 7 May 2015 the following Directors of BP p.l.c. acquired the numbers of the Company's ordinary shares (ISIN number GB0007980591) or ADSs (ISIN number US0556221044), including any reinvested dividends, shown opposite their respective names below.

The Company was informed on 8 May 2014, by the Trustee of the BP Employee Share Ownership Trust, that on 7 May 2015 it received a transfer of such ordinary shares and/or ADSs to satisfy the vesting of these share awards taking into account tax applicable on vesting, when the market value was £4.571 per ordinary share or US$41.83 per ADS. The remaining ordinary shares and ADSs are required to be retained by the Directors in accordance with the EDIP plan rules.

Director	Total Ordinary Shares/ADSs* Vested	Ordinary Shares/ADSs* Retained After Tax and Commission
Mr R W Dudley	142,881 ADSs	88,788 ADSs
Dr B Gilvary	398,389 Ordinary Shares	252,937 Ordinary Shares

* 1 ADS is equivalent to 6 ordinary shares

This notice is given in fulfilment of the obligation under DTR3.1.4(1)(a)R.

 

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