Directors'/PDMRs' shareholding - Replacement

11th Feb 2009 13:29



ARM Holdings plc

11 February 2009

The following amendment has been made to the announcement released on 10 February 2009 under RNS number 1134N. The number of deferred shares awarded under the Deferred Annual Bonus Plan to Lance Howarth and John Cornish should have been 53,695 and 33,646 respectively. The total numbers of deferred shares held by them have been adjusted accordingly. All other details remain unchanged and the full amended text is shown below.

REPLACEMENT ANNOUNCEMENT OF VESTING AND NEW AWARDS OF SHARES UNDER THE COMPANY'S EQUITY PLANS

Partial Vesting of 2006 Awards under the Long Term Incentive Plan ("LTIP") and the Executive Share Option Scheme ("ESOS")

ARM Holdings plc announces that relevant performance conditions were partially satisfied, giving rise to the vesting of 40.3325% (including dividend shares) of conditional awards made in 2006 under the LTIP.  The remaining 2006 LTIP awards have lapsed. Details of the number of shares vesting and of shares sold today in order to satisfy the tax liabilities arising on the LTIP shares are listed below. 

In addition performance conditions were partially satisfied in respect of options granted under the ESOS in 2006 resulting in vesting of 76.2% of options granted. The remainder will vest in 2013. These options are underwater and have not been exercised.

In each case, the vestings took effect from 8 February 2009.

Name	Total Number of shares vested under the LTIP	Number of shares sold at a price of 95.12p to satisfy tax liabilities under the LTIP	Number of options vested under the ESOS at a price of 132.5p
Warren East	112,280	46,035	437,071
Tim Score	94,552	38,767	368,060
Tudor Brown	76,823	31,498	299,049
Mike Inglis	66,481	27,258	258,792
Mike Muller	66,481	27,258	258,792
Simon Segars	62,049	25,441	241,539
Bill Parsons	47,276	19,384	*
Graham Budd	47,276	19,384	*
Patricia Alsop	44,321	18,172	*
Philip David	44,321	18,172	*
Lance Howarth	11,700	4,797	*
John Cornish	14,525	5,956	*
Ian Drew	19,878	8,150	*

* 2006 option grants to these participants vest at the rate of 25% per annum and are not subject to performance conditions. 

  

2009 LTIP and 2008 Deferred Annual Bonus ("DAB") Awards

Also with effect from 8 February 2009 annual conditional awards were made under the LTIP and deferred shares were awarded under the DAB in relation to 2008 performance to directors and PDMRs as follows:

Name	Number of shares conditionally awarded under the LTIP	Total number of conditional awards held under the LTIP	Number of deferred shares awarded under the DAB	Total number of deferred shares held under the DAB
Warren East	416,040	1,170,871	143,388	334,259
Tim Score	360,902	1,009,718	127,443	288,669
Tudor Brown	214,286	735,581	86,161	215,361
Mike Inglis	250,627	706,944	88,502	201,750
Simon Segars	250,627	699,131	88,502	194,010
Mike Muller	245,614	692,649	84,650	195,320
Graham Budd	185,464	517,201	63,920	186,660
Bill Parsons	180,451	506,812	63,721	142,284
Patricia Alsop	170,426	478,222	58,737	132,517
Philip David	165,414	467,833	57,009	127,686
Lance Howarth	130,326	224,371	53,695	68,951
John Cornish	140,351	237,199	33,646	69,967
Antonio Viana	241,504	241,504	97,916	97,916
Ian Drew	165,414	298,844	32,676	69,006

The mid market closing price on 6 February 2009, being the business day prior to the date of these awards, was 99.75 pence per share.

Under the DAB, the deferred shares and any matching shares earned (which would be subject to achievement of an EPS performance condition) will normally be released 3 years from the date of award. Under the LTIP, the vesting of shares conditionally awarded is subject to achievement of a TSR performance condition and they will normally vest 3 years from the date of award.

ENDS

ENDRDSTBMJTMMMBBRL

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Related Shares:

ARM.L