11th Feb 2010 07:00
RNS announcement entitled "Directors'/PDMRs' shareholding"
ARM Holdings plc
11 February 2010
ARM Holdings plc (the "Company") announces that relevant performance conditions under the Long Term Incentive Plan ("LTIP") were partially satisfied, giving rise to the vesting of 190.820727% (including dividend shares) of the conditional awards made in 2007. The remaining balances of the 2007 LTIP awards have lapsed. Details of the number of shares vesting and of shares sold (in whole or part in order to satisfy the tax liabilities arising on the LTIP shares) are listed below.
In addition certain shares earned representing 50% of annual bonus in respect of the financial year ended 31 December 2006 have been released under the Deferred Annual Bonus Plan ("DAB"). Under the DAB, 50% of bonus earned is paid in cash and 50% is compulsorily deferred into shares (including dividend shares) which vest 3 years after the award date. No matching shares have been triggered in respect of these shares.
The LTIP vesting and DAB release took effect on 8 February 2010.
|
Name |
Total number of shares vested under the LTIP |
Total number of shares vested under the DAB |
Number of shares sold at a price of 201.34p to satisfy tax liabilities under the LTIP |
Number of shares sold at a price of 201.34p to satisfy tax liabilities under the DAB |
Total resultant shareholding |
|
Warren East |
588,861 |
114,352 |
241,434 |
46,885 |
1,169,535 |
|
Tim Score |
499,414 |
96,297 |
204,760 |
39,482 |
681,847 |
|
Tudor Brown |
409,966 |
78,240 |
168,087 |
32,079 |
2,105,462 |
|
Mike Inglis |
357,788 |
67,709 |
146,694 |
27,761 |
518,300 |
|
Mike Muller |
350,335 |
65,000 |
143,638 |
26,650 |
2,259,145 |
|
Simon Segars |
342,881 |
60,666 |
140,582 |
24,874 |
501,504 |
|
Bill Parsons |
253,434 |
46,221 |
103,908 |
18,951 |
185,034 |
|
Graham Budd |
253,434 |
76,898 |
103,908 |
31,529 |
584,498 |
|
Patricia Alsop |
238,525 |
43,333 |
97,796 |
17,767 |
284,966 |
|
Philip David |
238,525 |
41,528 |
97,796 |
17,027 |
200,485 |
|
Lance Howarth |
73,275 |
8,004 |
30,043 |
3282 |
48,753 |
|
John Cornish |
76,223 |
23,628 |
31,252 |
9688 |
68,020 |
|
Ian Drew |
104,304 |
19,434 |
42,765 |
7968 |
76,648 |
|
Tom Lantzsch* |
104,172 |
2440 |
41,489 |
895 |
64,275 |
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*vesting of restricted stock units under the Company's Employee Equity Plan
2010 LTIP and 2009 Deferred Annual Bonus ("DAB") Awards
Also with effect from 8 February 2010 annual conditional awards were made under the LTIP and deferred shares were awarded under the DAB in relation to performance during the financial year ended 31 December 2009 to directors and PDMRs as follows:
|
Name |
Number of shares conditionally awarded under the LTIP |
Total number of conditional awards now held under the LTIP |
Number of deferred shares awarded under the DAB |
Total number of deferred shares now held under the DAB |
|
Warren East |
209,756 |
1,072,033 |
85,024 |
310,455 |
|
Tim Score |
180,487 |
928,486 |
74,370 |
197,024 |
|
Tudor Brown |
106,341 |
627,078 |
43,427 |
184,327 |
|
Mike Inglis |
126,829 |
646,273 |
51,219 |
188,531 |
|
Simon Segars |
125,853 |
645,297 |
51,006 |
187,280 |
|
Mike Muller |
124,390 |
633,445 |
50,195 |
183,655 |
|
Graham Budd |
97,560 |
481,948 |
38,376 |
151,852 |
|
Bill Parsons |
90,243 |
464,243 |
36,878 |
135,173 |
|
Patricia Alsop |
85,365 |
438,587 |
34,829 |
126,106 |
|
Philip David |
85,365 |
428,198 |
33,523 |
121,687 |
|
Lance Howarth |
70,731 |
256,702 |
26,634 |
87,697 |
|
John Cornish |
73,170 |
270,424 |
28,682 |
76,162 |
|
Antonio Viana |
104,602 |
346,106 |
42,640 |
140,556 |
|
Ian Drew |
85,365 |
329,548 |
33,804 |
84,645 |
|
Tom Lantzsch |
92,296 |
294,792 |
17,213 |
46,269
|
The mid market closing price on 5 February 2010, being the business day prior to the date of these awards, was 205 pence per share.
Under the DAB, the deferred shares and any matching shares earned (which would be subject to achievement of an EPS performance condition) will normally be released 3 years from the date of award. Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of a TSR performance condition and they will normally vest 3 years from the date of award.
In addition, ARM Holdings plc announces the following share dealings by directors and PDMRs.
|
Name |
Number of shares over which options exercised |
Option price (pence) |
Number of shares sold |
Date |
Price per share (pence) |
Remaining shareholding |
|
Warren East |
|
|
119,535 |
10 Feb 2010 |
199.0 |
|
|
Warren East |
400,000 296,000 |
125.0 105.5 |
400,000 296,000 |
10 Feb 2010 10 Feb 2010 |
198.2831 198.4751 |
1,050,000 |
|
Tim Score |
|
|
200,000 |
10 Feb 2010 |
199.26 |
|
|
Tim Score |
423,887 320,000 |
105.5 125.5 |
423,887 320,000 |
10 Feb 2010 10 Feb 2010 |
198.0742 198.8363 |
481,847 |
|
Mike Inglis |
|
|
211,095 |
10 Feb 2010 |
199.8 |
307,205 |
|
Graham Budd |
|
|
194,895 |
10 Feb 2010 |
199.0 |
389,603 |
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ENDS
Related Shares:
ARM.L