23rd Feb 2007 16:19
BAE SYSTEMS PLC23 February 2007 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIALRESPONSIBILITIES OR THEIR CONNECTED PERSONS 1. Notification made in accordance with Section 324 (as extended by Section328) of the Companies Act 1985 and Disclosure rules 3.1.4R(1)(a). The Company was notified today that on 23 February 2007 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 Plans. Some of the shares deriving from the above exercise of options were subsequentlydisposed of on 23 February 2007 as indicated below. These transactions tookplace on the London Stock Exchange. Name of PDMR No. of shares under Exercise price per No. of shares sold Price per share at option exercised share which sold Walt Havenstein* 91,675 172 pence 91,675 455.25 penceSteve Mogford 351,218 172 pence 323,327 455.364 penceGeorge Rose 390,741 172 pence 390,741 455.364 penceGeorge Rose 79,233 329 pence 66,208 455.364 penceMike Turner 588,663 172 pence 588,663 455.364 penceAlastair Imrie 257,267 172 pence 227,418 455.364 penceMike Rouse 239,826 172 pence 239,826 455.364 penceNigel Whitehead 139,535 172 pence 117,374 455.364 penceNigel Whitehead 9,960 402 pence 9,567 455.364 penceNigel Whitehead 5,025 398 pence 4,842 455.364 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 172 pence per share. 2. Notification made in accordance with Section 324 (as extended by Section328) of the Companies Act 1985 and Disclosure rules 3.1.4R(1)(a). The Company was notified today that on 23 February 2007 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. Some of the shares were subsequently disposedof on 23 February 2007 as indicated below. These transactions took place on theLondon Stock Exchange. Name of PDMR No. of shares under No. of shares sold Price per share at option exercised which sold Ian King 70,736 34,522 455.364 penceSteve Mogford 78,048 68,059 455.364 penceGeorge Rose 86,831 86,831 455.364 penceMike Turner 130,814 130,814 455.364 penceAlastair Imrie 57,170 49,853 455.364 penceMike Rouse 53,294 53,294 455.364 penceNigel Whitehead 31,007 23,070 455.364 pence 3. Notification made in accordance with Section 324 (as extended by Section328) of the Companies Act 1985 and Disclosure rule 3.1.4R(1)(a) of theDisclosure Rules. The Company was yesterday notified by the trustee of the BAE Systems ShareIncentive Plan, Hill Samuel ESOP Trustees Limited, that on 21 February 2007 thefollowing Persons Discharging Managerial Responsibility ("PDMRs") purchasedordinary shares of 2.5 pence each in BAE Systems plc under the PartnershipShares element of the BAE Systems Share Incentive Plan at a price of 448.78pence per share and were also awarded ordinary shares of 2.5p at nilconsideration under the Matching Shares element of the same share plan. Thetransactions took place on the London Stock Exchange. The number of shares purchased or acquired by PDMRs is as follows: Name of PDMR Number of BAE Systems plc Number of BAE Systems plc Ordinary shares purchased - Ordinary shares acquired - Partnership Shares Matching Shares Steve Mogford 28 3Ian King 28 3 4. Notification made in accordance with Disclosure rule 3.1.4R(1)(b) of theDisclosure Rules. The Company was yesterday notified by the trustee of the BAE Systems ShareIncentive Plan, Hill Samuel ESOP Trustees Limited, that the trustee has abalance of 123,284 ordinary shares of 2.5 pence each in BAE Systems plc inLloyds TSB Registrars Corporate Nominee Limited AESOP2 (unallocated shares). Each of the executive directors, are deemed, along with certain other groupemployees, to have an interest in the aggregate balance of 123,284 shares nowheld by Lloyds TSB Registrars Corporate Nominee Ltd AESOP2 (unallocated shares): 23 February 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems