3rd Jun 2008 17:38
3 June 2008
Inmarsat plc: Vesting of existing 2005 Performance Share Plan award
The first share awards over ordinary shares of €0.0005 in Inmarsat plc under
the 2005 Performance Share Plan were made on 31 May 2005 to the following executive directors and executives who are classified as Persons Discharging Managerial
Responsibility.
Under the Rules of the Performance Share Plan, the shares vest after three years subject to
the achievement of the performance conditions. The shares vested in full on 2 June 2008.
The Performance Share Plan is not an HM Revenue & Customs approved plan and on
vesting, income tax and social security deductions become payable by the individual. The share price at which shares were sold on 3 June 2008 was 464p per share.
Where shares have been retained they will be added to the existing number of ordinary shares for the relevant individual.
|
Name |
Number of shares vesting on 2 June 2008 including reinvested dividends |
Number of shares sold on 3 June 2008 |
Number of shares retained |
|
Richard Denny |
47,006 |
47,006 |
Nil |
|
Alison Horrocks |
32,232 |
13,249(a) |
18,983 |
|
Eugene Jilg |
98,495 |
39,497(a) |
58,998 |
|
Debra Jones |
42,977 |
17,665(a) |
25,312 |
|
Perry Melton |
62,676 |
44,219(a) |
18457 |
|
Leo Mondale |
58,935 |
58,935 |
Nil |
|
Rupert Pearce |
78,794 |
32,387(a) |
46,407 |
|
Michael Butler(b) |
116,402 |
47,845(a) |
68,557 |
|
Rick Medlock(b) |
116,402 |
116,402 |
Nil |
|
Andrew Sukawaty(b) |
167,890 |
69,008(a) |
98,882 |
(a) shares were sold to cover income tax and NIC which fell due on vesting.
(b) denotes Executive Director. All other executives are those who are considered Persons
Discharging Managerial Responsibility.
Related Shares:
Inmarsat