2nd Apr 2007 18:07
BAE SYSTEMS PLC02 April 2007 NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIESOR THEIR CONNNECTED PERSONS 1. Notification made in accordance with Rule 3.1.4(1)(a) and Rule 3.1.4(1)(b) of the Disclosure Rules The Company was notified on 30 March 2007 that Chris Geoghegan, a PersonDischarging Managerial Responsibilities, sold 4,500 ordinary shares of 2.5 penceeach in BAE Systems plc on 30 March 2007 at 461.25 pence per share, and thatRosemary Geoghegan, a person connected to Chris Geoghegan, sold 27,500 ordinaryshares of 2.5 pence each in BAE Systems plc on 30 March 2007 at 461.25 pence pershare. These transactions took place on the London Stock Exchange. 2. Notification made in accordance with Rule 3.1.4(1)(a) and Rule 3.1.4(1)(b) of the Disclosure Rules (i) The Company was notified on 30 March 2007 that the following PersonsDischarging Managerial Responsibilities (PDMRs) exercised options over ordinaryshares of 2.5 pence each in BAE Systems plc under the BAE Systems ExecutiveShare Option Plan at consideration of 201 pence per share on 30 March 2007. Some of the shares deriving from the above exercise of options were subsequentlydisposed of on 30 March 2007 as indicated below. These transactions took placeon the London Stock Exchange. Name of PDMR No. of shares under No. of shares sold Price per share at option exercised which soldWalt Havenstein* 67,167 67,167 457.5 penceAlastair Imrie 220,149 204,452 456 penceSteve Mogford 315,447 315,447 456 penceGeorge Rose 345,149 246,586 456.75 penceMike Turner 544,776 544,776 456 penceNigel Whitehead 149,253 127,970 456 pence * In the case of Walt Havenstein, the exercise relates to an award under theStock Appreciation Rights (SAR) schedule to the BAE Systems Executive ShareOption Plan for which the SAR reference price for the calculation of the profitwas 201 pence per share. (ii) The Company was notified on 30 March 2007 that the following PersonsDischarging Managerial Responsibilities (PDMRs) exercised options over ordinaryshares of 2.5 pence each in BAE Systems plc under the BAE Systems PerformanceShare Plan at nil consideration on 30 March 2007. Some of the shares weresubsequently disposed of on 30 March 2007 as indicated below. Thesetransactions took place on the London Stock Exchange. Name of PDMR No. of shares under No. of shares sold Price per share at option exercised which soldChris Geoghegan 78,048 38,091 459 penceChris Geoghegan 70,099 34,212 459 penceWalt Havenstein* 26,454 26,454 457.5 penceAlastair Imrie 48,924 42,662 456 penceIan King 60,533 29,543 456 penceSteve Mogford 70,099 70,099 456 penceGeorge Rose 76,699 37,432 456.75 penceMike Turner 121,061 121,061 456 penceNigel Whitehead 33,168 24,678 456 pence * In the case of Walt Havenstein, the exercise relates to an award under theStock Appreciation Rights (SAR) schedule to the BAE Systems Performance SharePlan. 3. Notification made in accordance with and Rule 3.1.4(1)(a) and Rule 3.1.4(1)(b) of the Disclosure Rules The Company granted the following options to the following Persons DischargingManagerial Responsibility ("PDMRs") on 30 March 2007: (i) BAE Systems Executive Share Option Plan: Name of PDMR Number of shares granted under optionPhilip Bramwell 114,879Chris Geoghegan 160,831Walt Havenstein 125,315Alastair Imrie 119,803Ian King 173,960George Rose 183,807Mike Rouse 111,597Mike Turner 465,262Nigel Whitehead 114,879Alison Wood 103,391 The above options granted on 30 March 2007 are over ordinary shares of 2.5p eachin BAE Systems plc at an option price of 457p per share and are exercisablebetween 30.03.10 and 30.03.17 subject to the attainment of performanceconditions. (ii) BAE Systems Performance Share Plan: Name of PDMR Number of shares granted under optionPhilip Bramwell 76,586Chris Geoghegan 107,221Walt Havenstein* 125,315Alastair Imrie 79,869Ian King 115,973George Rose 122,538Mike Rouse 74,398Mike Turner 310,175Nigel Whitehead 76,586Alison Wood 68,927 The above contingent awards of options granted on 30 March 2007 are overordinary shares of 2.5p each in BAE Systems plc at nil consideration. Theoptions are exercisable between 30.03.10 and 30.03.14 subject to the attainmentof performance conditions. * In the case of Walt Havenstein, a conditional award of shares was granted on30 March 2007 over ordinary shares of 2.5p each BAE Systems plc at nilconsideration as set out above. The award vests between 30.03.10 and 30.03.14subject to the attainment of performance conditions. 4. Notification made in accordance with Rule 3.1.4R(1)(a) and Rule 3.1.4(1)(b)of the Disclosure Rules. The Company was notified on 30 March 2007 by the trustee of the BAE SystemsShare Incentive Plan, Hill Samuel ESOP Trustees Limited, that the trustee (i)purchased 2,427,004 ordinary shares of 2.5 pence each in BAE Systems plc on 29March 2007 at a price of 460.52 pence per share and (ii) purchased 665,663ordinary shares of 2.5 pence each in BAE Systems plc on 30 March 2007 at a priceof 460.19 pence per share. The transactions took place on the London StockExchange. The shares were purchased for participants under the Free Shareselement of the BAE Systems Share Incentive Plan and its Australian equivalent.The shares are held in the name of Lloyds TSB Registrars Corporate NomineeLimited. Awards of shares under the Share Incentive Plan were granted on 30 March 2007 toeligible employees including the following PDMRs: Name of PDMR Number of BAE Systems plc Ordinary shares acquired Chris Geoghegan 91Alastair Imrie 91Ian King 91Steve Mogford 91George Rose 91Mike Rouse 91Mike Turner 91Nigel Whitehead 91Alison Wood 91 No consideration was paid for the grant of the award. 2 April 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems