Director/PDMR Shareholding

RNS Number : 4088F
Sainsbury(J) PLC
17 May 2017
 

17 May 2017

 

J Sainsbury plc

 

Director/PDMR Shareholding

 

J Sainsbury plc (the Company) was notified of the following exercises of awards on 16 May 2017 granted under the J Sainsbury plc Long Term Incentive Plan 2006 by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs). The awards exercised were granted on 15 May 2014 as nil-cost options over ordinary shares of 284/7 pence each in the Company (the Shares) and vest in two tranches, 50% after 3 years and 50% after 4 years, in accordance with the achievement of the performance conditions.    

 

PDMRs

Number of Shares Exercised

Number of Shares sold (1)

Number of Shares retained

Mike Coupe (Director)

77,392 

36,448 

40,944 

John Rogers (Director)

46,371 

21,839 

24,532 

Tim Fallowfield

21,353 

21,353 

Peter Griffiths

25,039 

11,792 

13,247 

Jon Hartland

11,360 

11,360 

Paul Mills-Hicks(2)

20,866 

9,827 

11,039 

Angie Risley

29,074 

13,693 

15,381 

Richard Newsome

10,819 

5,096 

5,723 

 

(1) Sufficient shares were sold to cover tax withholdings. The Shares were sold on the London Stock Exchange at an average price of £2.66 per Share.

(2) The retained shares were transferred to their spouse.

(3) The number of shares over which each award became exercisable was increased in respect of dividends accrued on the shares which vested.

 

 

Following the above transactions John Rogers and Michael Coupe held 750,333 Shares and 1,280,690 Shares respectively.

 

The Notification of Dealing Forms for each PDMR can be found below.

 

This notification is made in accordance with the requirements of the Market Abuse Regulation.

 

For further information please contact:

 

Lucy Glover

Senior Assistant Company Secretary

+44 (0)20 7695 8066

 

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Coupe

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

77,392

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

36,448

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Rogers

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

46,371



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

21,839



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Fallowfield

2

Reason for the notification

a)

Position/status

Company Secretary and Corporate Services Director

 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

21,353



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares following the exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

21,353



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Griffiths

2

Reason for the notification

a)

Position/status

CEO of Sainsbury's Bank

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

25,039



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

11,792



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jon Hartland

2

Reason for the notification

a)

Position/status

Acting Retail and Operations Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006 and sale of shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

11,360



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares following the exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

11,360



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

  

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Mills-Hicks

2

Reason for the notification

a)

Position/status

Food Commercial Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

20,866



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

9,827



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 3

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Transfer of the remaining shares to spouse.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

11,039



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angie Risley

2

Reason for the notification

a)

Position/status

Group HR Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

29,074



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

13,693



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Newsome

2

Reason for the notification

a)

Position/status

Acting Digital and Technology Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£nil

10,819



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

 

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£2.66

5,096



d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

e)

Date of the transaction

16 May 2017

 

f)

Place of the transaction

XLON

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHOKODNFBKKBPD
UK 100

Latest directors dealings