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RNS Number : 4373F

BP PLC

20 February 2018

BP p.l.c.

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

The Company announces that on 20 February 2018, the vesting of shares previously awarded were made to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan"), under the deferred element.

The Deferred Vesting 2014 award:

 
                 Vested amount   Shares sold    Released amount 
                                  for tax and 
                                  expenses 
 Dr B Gilvary 
  ordinary 
  shares         219,004         103,138        115,866 
 

This is the vesting and release of the deferred shares awarded in 2015 in respect of the 2014 bonus and includes dividends accrued on the award. These share awards were subject to a review of safety and environmental performance over the three year period from 2015 to 2017.

 
 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                                 Shares acquired pursuant to the vesting of shares 
                                                                under the BP Executive Directors' Incentive 
                                                                Plan, following adjustments for tax, dividends and 
                                                                expenses. 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)             Volume(s) 
                                                                  -------------------  ---------- 
                                                                   Nil consideration    115,866 
                                                                  -------------------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)        Aggregated information                                115,866 
             *    Volume                                          Nil consideration. Market value GBP4.7405 
                                                                  Market value GBP549,262.77 
 
 
             *    Price 
 
 
 
             *    Total 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   20 February 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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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February 20, 2018 10:59 ET (15:59 GMT)