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ARM Holdings PLC (ARM)

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Monday 11 February, 2013

ARM Holdings PLC

Director/PDMR Shareholding

RNS Number : 6330X
ARM Holdings PLC
11 February 2013
 



ARM Holdings plc

11 February 2013

 

ARM Holdings plc (the "Company") announces that, following the significant out- performance of ARM against an international peer group over the last 3 years, the  relevant performance conditions under the Long Term Incentive Plan ("LTIP") were satisfied in full, giving rise to the vesting of 200% (plus dividend shares) of the conditional awards made in 2010.  Details of the number of shares vesting and of shares sold automatically in order to satisfy tax liabilities are listed below.

 

In addition shares representing 50% of annual bonus earned in respect of the financial year ended 31 December 2009 and awarded in February 2010 have been released under the Deferred Annual Bonus Plan ("DAB").  Under the DAB, 50% of bonus earned is paid in cash and 50% is compulsorily deferred into shares which vest 3 years after the award date. The relevant performance conditions were fully satisfied and matching shares have been triggered in the ratio of 2:1 in respect of these shares.

 

The LTIP vesting and DAB release took effect on 8 February 2013

 

Name

Total number of shares vested under the 2010 LTIP

Total number of shares vested under the 2009 DAB

Number of shares sold* to satisfy tax liabilities under the LTIP

Number of shares sold* to satisfy tax liabilities under the DAB

Total net shares received

Total resultant share-

holding

Warren East

428,423

 

256,876

 

222,780

 

133,576

 

328,943

 

1,418,465

Tim Score

368,641

 

224,688

 

191,694

 

116,838

 

284,797

 

739,094

Mike Inglis

259,046

 

154,744

 

134,704

 

80,467

 

198,619

 

299,857

Mike Muller

254,064

 

151,650

 

132,114

 

78,858

 

194,742

 

1,338,367

Simon Segars

257,052

 

154,100

 

134,130

 

80,410

 

196,612

 

478,568

Graham Budd

199,264

 

115,942

 

103,618

 

60,290

 

151,298

 

311,875

Patricia Alsop

174,356

 

105,226

 

90,666

 

54,718

 

134,198

 

193,733

Bill Parsons

184,319

 

111,416

 

95,846

 

57,937

 

141,952

 

147,297

Philip David

174,356

 

101,280

 

90,666

 

52,666

 

132,304

 

182,127

John Cornish

149,448

 

86,654

 

77,713

 

45,061

 

113,328

 

114,935

Ian Drew

174,356

 

102,129

 

90,666

 

53,108

 

132,711

 

136,683

Tom Cronk

48,625

 

28,378

 

25,285

 

14,757

 

36,961

 

40,495

Pete Hutton

63,366

 

44,128

 

32,951

 

22,947

 

51,596

 

63,421

Dipesh Patel

58,086

 

31,275

 

30,310

 

16,320

 

42,731

 

79,676

Antonio Viana

213,647

 

128,825

 

111,482

 

67,221

 

163,769

 

163,769

Tom Lantzsch

188,513

 

52,004

 

98,367

 

27,136

115,014

 

128,834

*The price at which the tax shares are sold will be confirmed separately

 

 

2013 LTIP and 2012 Deferred Annual Bonus ("DAB") Awards

 

Also with effect from 8 February 2013 annual conditional awards were made under the LTIP and deferred shares were awarded under the DAB in relation to performance during the financial year ended 31 December 2012 to directors and PDMRs as follows:

 

Name

Number of shares conditionally awarded under the LTIP

Total number of conditional awards now held under the LTIP

Number of deferred shares awarded under the DAB

Total number of deferred shares now held under the DAB

Warren East

54,083

 

218,091

33,677

140,382

Tim Score

44,889

 

177,995

28,637

117,056

Mike Inglis

0

 

93,485

19,244

81,490

Mike Muller

30,827

 

122,614

18,900

79,975

Simon Segars

32,449

 

125,607

20,045

81,823

Graham Budd

27,041

 

104,421

16,487

65,994

Patricia Alsop

21,092

 

84,329

13,058

54,989

Bill Parsons

0

 

66,717

13,745

58,086

Philip David

21,633

 

84,870

13,493

55,424

John Cornish

18,658

 

73,894

11,576

48,045

Ian Drew

21,633

 

85,801

13,505

55,832

Tom Cronk

18,388

 

40,231

9,655

29,992

Pete Hutton

18,388

 

42,373

10,102

33,558

Dipesh Patel

23,123

 

49,944

10,438

27,055

Antonio Viana

26,139

 

104,125

16,560

68,935

Tom Lantzsch

22,117

 

89,288

13,530

59,467

 

The mid market closing price on 7 February 2013, being the business day prior to the date of these awards, was 924.50 pence per share.

 

Under the DAB, the deferred shares and any matching shares earned (which would be subject to achievement of an EPS performance condition) will normally be released 3 years from the date of award.  Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of a TSR performance condition and they will normally vest 3 years from the date of award.

 

ENDS


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