12th Feb 2015 15:30
BP p.l.c.
Notification of transactions of persons discharging managerial responsibility or connected persons
BP p.l.c. was notified by Mr H L McKay (a person discharging managerial responsibility in BP p.l.c.) that on 11 February 2015 he was awarded Restricted Share Units equivalent to the number of ADSs (ISIN number US0556221044) shown below, at a price of $40.45 per ADS, under the BP Restricted Share Plan II. This is a conditional award, consisting of a mandatory and a voluntary deferred element. Both the mandatory award and voluntary award are matched on a one-for-one basis with Restricted Share Units. These awards of Restricted Share Units will vest depending on the Company's assessment of safety and environmental sustainability over a three year period, commencing on 1 January 2015 and ending on 31 December 2017. These performance conditions are consistent with the participant's grant letter under the BP Restricted Share Plan II. Mr H L McKay will be entitled to additional ADSs representing the value of reinvested dividends on those Restricted Share Units which vest.
Deferred Award (including matched shares)
ADS equivalents
Mr H L McKay mandatory and voluntary awards 35,656 Restricted Share Units
matching award 35,656 Restricted Share Units
This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.
Related Shares:
BP