18th Sep 2006 17:18
BAE SYSTEMS PLC18 September 2006 Share Interest - Persons Discharging Managerial Responsibility ("PDMRs") The rules of the Company's Performance Share Plan ("PSP") and Share Option Plan(2001) ("Option Plan") provide for the Remuneration Committee of the Board todetermine that PSP and Option Plan awards granted previously to non-UK employeesin the form of Stock Appreciation Rights ("SARs") shall on exercise be settledin shares rather than cash (all other terms and conditions being unaffected).Following the exercise of such discretion, Tom Rabaut and Walt Havenstein,employees designated as PDMRs for the purposes of the Listing Rules, have witheffect from 18 September 2006 the following interests in shares: Tom Rabaut PSP Date of Award Number of Shares Date Exercisable From 24/06/2005 116,491 24/06/2008Option Plan Date of Grant Number of Options Option Price Period Exercisable 24/06/2005 314,526 £2.83 24/06/2008 - 24/06/2015 Walt Havenstein PSP Date of Award Number of Shares Date Exercisable From 30/09/2003 96,811 30/09/200630/03/2004 79,363 30/03/200724/03/2005 60,633 24/03/200822/12/2005 9,949 22/12/2008Option Plan Date of Grant Number of Options Option Price Period Exercisable 30/09/2003 145,217 £1.72 30/09/2006 - 30/09/201330/03/2004 119,044 £2.01 30/03/2007 - 30/03/201424/03/2005 90,949 £2.64 24/03/2008 - 24/03/201522/12/2005 14,923 £3.56 22/12/2008 - 22/12/2015 18 September 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems