31st Oct 2014 16:41
(An item published at 1305 GMT incorrectly stated the Landis's transaction due to an error by BP.)
LONDON (Alliance News) - Oil and gas major BP PLC Friday said Katrina Landis, executive vice president for corporate business activities, exercised an option over 83,333 American Depositary Shares at a price USD36.39 each Thursday. The exercise was settled by way of a cancellation of the option in return for cash at an equivalent value of USD42.63 per ADS.
The value of the transaction is worth about USD3.6 million gross.
BP shares closed Friday up 1.1% at 449.00 pence Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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