19th Mar 2014 18:24
LONDON (Alliance News) - BBA Aviation PLC Wednesday said that subsequent to the release of conditional award shares and matching award shares, Group Chief Executive Simon Pryce sold 85,332 shares at 334.1 pence per share on Tuesday, while Group Finance Director Mark Hoad sold 35,723 shares.
The company said that Hoad received an award of 40,269 options on May 23, 2005 under the 2004 Long-Term Incentive Plan at an option price of 298.75 pence per share. On Tuesday, Hoad waived his rights to these options in return for the company settling in cash the difference between the option price and the market price of 333.4 pence per share on the date the agreement was executed. Hoad received GBP13,949.74.
Pryce now holds a total of 1.1 million shares in the company, while Hoad holds a total shareholding of 214,101 shares.
BBA Aviation shares closed 0.6% higher Wednesday at 335.30 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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