Director/PDMR Shareholding

RNS Number : 0641N

BP PLC

03 August 2017

 

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or person closely associated

The Company announces that on 2 August 2017 additional shares vested under the BP Executive Directors' Incentive Plan (the "Plan"), in respect of the following Executive Directors of BP p.l.c..

The Performance Share Award 2014-2016 - vesting

This vesting represents additional dividends received on the vested award under the EDIP performance share award 2014, which vested on 19 May 2017, as announced under RNS 9573F. The released amount stated below will be retained for a period of three years.

	Vested amount	Shares sold for tax and expenses	Released amount
Mr R W Dudley (ADSs)	1,844	869	975
Dr B Gilvary (ordinary shares)	5,152	2,427	2,725

The Deferred Matching Award 2014 - vesting

This vesting represents additional dividends received on the vested award under the EDIP deferred matching award 2014, which vested on 24 February 2017 and 19 May 2017, as announced under RNS 8375X and RNS 9573F, respectively.

	Vested amount	Shares sold for tax and expenses	Released amount
Mr R W Dudley (ADSs)	18	10	8
Dr B Gilvary (ordinary shares)	70	34	36

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robert W. Dudley
2	Reason for the notification
a)	Position/status	Chief Executive Officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	American Depositary Shares (each representing 6 ordinary shares of $0.25) US0556221044
b)	Nature of the transaction	983 ADSs acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax and expenses where applicable.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 983
d)	Aggregated information -      Volume -      Price -      Total	983 Nil consideration. Market value $36.40 Market value $35,781.20
e)	Date of the transaction	2 August 2017
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Gilvary
2	Reason for the notification
a)	Position/status	Chief Financial Officer / Director
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BP p.l.c.
b)	LEI	213800LH1BZH3DI6G760
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of $0.25 GB0007980591
b)	Nature of the transaction	2,761 shares acquired pursuant to the vesting of ordinary shares under the BP Executive Directors' Incentive Plan, following adjustments for tax and expenses where applicable.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil consideration 2,761
d)	Aggregated information -      Volume -      Price -      Total	2,761 Nil consideration. Market value £4.593 Market value £12,681.27
e)	Date of the transaction	2 August 2017
f)	Place of the transaction	Outside a trading venue

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

 

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