13th Apr 2006 11:26
BAE SYSTEMS PLC13 April 2006 NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIESOR THEIR CONNNECTED PERSONS 1. Notification made in accordance with and Rule 3.1.4(1)(a) and Rule3.1.4(1)(b) of the Disclosure Rules The Company granted the following options to the following Persons DischargingManagerial Responsibility ("PDMRs") on 12 April 2006: (i) BAE Systems Executive Share Option Plan: Name of PDMR Number of ordinary shares under option granted Chris Geoghegan 163,843Michael Lester 198,890Steve Mogford 163,843Mark Ronald 200,944George Rose 185,747Mike Turner 457,359 The above options granted on 12 April 2006 are over ordinary shares of 2.5p eachin BAE Systems plc at an option price of 428p per share and are exercisablebetween 12.04.09 and 12.04.16 subject to the attainment of performanceconditions. (ii) BAE Systems Performance Share Plan: Name of PDMR Number of shares granted under option Chris Geoghegan 109,228Michael Lester 132,593Steve Mogford 109,228Mark Ronald 133,962George Rose 123,831Mike Turner 304,906 The above contingent award of options granted on 12 April 2006 is over ordinaryshares of 2.5p each in BAE Systems plc at nil consideration. The options areexercisable between 12.04.09 and 12.04.13 subject to the attainment ofperformance conditions. 2. Notification made in accordance with and Rule 3.1.4(1)(a) of theDisclosure Rules The Company granted the following options to the following Persons DischargingManagerial Responsibility ("PDMRs") on 12 April 2006: (i) BAE Systems Executive Share Option Plan: Name of PDMR Number of ordinary shares under option granted Walt Havenstein 96,453Alastair Imrie 113,901Ian King 145,443Tom Rabaut 120,566Mike Rouse 110,397Nigel Whitehead 84,112Alison Wood 105,140 The above options granted on 12 April 2006 are over ordinary shares of 2.5p eachin BAE Systems plc at an option price of 428p per share and are exercisablebetween 12.04.09 and 12.04.16 subject to the attainment of performanceconditions. (ii) BAE Systems Performance Share Plan: Name of PDMR Number of shares granted under option Walt Havenstein 64,302Alastair Imrie 75,934Ian King 96,962Tom Rabaut 80,377Mike Rouse 73,598Nigel Whitehead 56,074Alison Wood 70,093 The above contingent award of options granted on 12 April 2006 is over ordinaryshares of 2.5p each in BAE Systems plc at nil consideration. The options areexercisable between 12.04.09 and 12.04.13 subject to the attainment ofperformance conditions. 3. Notification made in accordance with Rule 3.1.4(1)(a) of theDisclosure Rules The following PDMRs have purchased shares via the Restricted Share Plan and havereceived from the Company the grant of a contingent award of shares under theRestricted Share Plan: (i) BAE Systems Restricted Share Plan Name of PDMR No. of shares acquired No. of shares granted under contingent award Walt Haverstein 34,166 25,624Tom Rabaut 13,666 10,249 The ordinary shares of 2.5p acquired by the individual PDMRs via the RestrictedShare Plan were purchased on 12 April 2006 at 418p per share on the London StockExchange and are held in the name of IFG Trust (Jersey) Limited. The grant of the contingent awards of shares under the Restricted Share Plan wasat nil consideration on 12 April 2006. The contingent awards of shares vest on12 April 2009. 4. Notification made in accordance with Disclosure rule 3.1.4R(1)(b) ofthe Disclosure Rules. The Company was notified on 12 April 2006 by the trustee of the BAE SystemsRestricted Share Plan, IFG Trust (Jersey) Limited, that the unallocated balanceof 702,481 ordinary shares of 2.5p each in BAE Systems plc held in the ESOPTrust has been fully allocated to individual participants in the RestrictedShare Plan and, as such, the executive directors of the Company have ceased tohave any technical interest in these shares. 13 April 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems