BP PLC Director/PDMR Shareholding (0641N)

TIDMBP.

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     Released 
                                            for tax         amount 
                                            and expenses 
 
 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     Released 
                                            for tax         amount 
                                            and expenses 
 
 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          American Depositary Shares (each representing 6 
      instrument                                                ordinary shares of $0.25) 
      Identification code                                       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                                983 
             *    Volume                                          Nil consideration. Market value $36.40 
                                                                  Market value $35,781.20 
 
 
             *    Price 
 
 
 
             *    Total 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of $0.25 
      instrument                                                 GB0007980591 
      Identification code 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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                                2,761 
             *    Volume                                          Nil consideration. Market value GBP4.593 
                                                                  Market value GBP12,681.27 
 
 
             *    Price 
 
 
 
             *    Total 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 03, 2017 09:39 ET (13:39 GMT)