9th Feb 2011 16:42
RNS announcement entitled "Directors'/PDMRs' shareholdings"
ARM Holdings plc
9 February 2011
ARM Holdings plc (the "Company") announces that relevant performance conditions under the Long Term Incentive Plan ("LTIP") were satisfied, giving rise to the vesting of 200% (plus dividend shares) of the conditional awards made in 2008.
In addition shares representing 50% of annual bonus earned in respect of the financial year ended 31 December 2007 have been released under the Deferred Annual Bonus Plan ("DAB"). Under the DAB, 50% of bonus earned is paid in cash and 50% is compulsorily deferred into shares which vest 3 years after the award date. The relevant performance conditions were fully satisfied and matching shares have been triggered in the ratio of 2:1 in respect of these shares.
Details of the number of shares vesting and of the shares withheld by the Company in order to satisfy the tax liabilities arising on the LTIP and DAB shares are listed below.
The LTIP vesting and DAB release took effect with effect from 8 February 2011.
Name | Total number of shares vested under the LTIP | Total number of shares vested under the DAB | Number of shares withheld to satisfy tax liabilities under the LTIP | Number of shares withheld to satisfy tax liabilities under the DAB | Total resultant shareholding |
Warren East | 934,939 | 250,031 | 476,819 | 127,516 | 1,294,914 |
Tim Score | 811,031 | 212,052 | 413,626 | 108,147 | 587,363 |
Tudor Brown | 642,067 | 166,820 | 327,455 | 85,079 | 1,132,398 |
Mike Inglis | 563,215 | 148,751 | 287,240 | 75,864 | 348,862 |
Mike Muller | 551,952 | 148,751 | 281,496 | 75,864 | 1,456,298 |
Simon Segars | 563,215 | 145,588 | 230,919 | 59,692 | 683,537 |
Bill Parsons | 405,514 | 105,366 | 206,813 | 53,737 | 275,612 |
Graham Budd | 416,780 | 151,025 | 212,558 | 77,023 | 342,999 |
Patricia Alsop | 382,987 | 99,167 | 195,324 | 50,576 | 291,948 |
Philip David | 371,721 | 94,946 | 189,578 | 48,423 | 231,169 |
Lance Howarth | 116,585 | 38,143 | 59,459 | 19,453 | 75,824 |
John Cornish | 119,221 | 42,160 | 60,803 | 21,502 | 99,195 |
Ian Drew | 165,033 | 55,359 | 84,167 | 28,234 | 134,870 |
Tom Lantzsch | 157,468 | - | 58,572 | - | 130,347 |
2011 LTIP and 2010 Deferred Annual Bonus ("DAB") Awards
Also with effect from 8 February 2011 annual conditional awards were made under the LTIP and deferred shares were awarded under the DAB in relation to performance during the financial year ended 31 December 2010 to directors and PDMRs as follows:
Name | Number of shares conditionally awarded under the LTIP | Total number of conditional awards now held under the LTIP | Number of deferred shares awarded under the DAB | Total number of deferred shares now held under the DAB |
Warren East | 77,741 | 703,537 | 43,985 | 272,397 |
Tim Score | 62,684 | 604,073 | 37,847 | 239,660 |
Tudor Brown | 36,007 | 356,634 | 22,299 | 151,887 |
Mike Inglis | 44,190 | 421,646 | 26,595 | 166,316 |
Simon Segars | 43,863 | 420,343 | 26,391 | 165,899 |
Mike Muller | 43,372 | 413,376 | 26,084 | 160,929 |
Graham Budd | 36,007 | 319,031 | 20,458 | 122,754 |
Bill Parsons | 31,506 | 302,200 | 18,923 | 119,522 |
Patricia Alsop | 29,787 | 285,578 | 17,900 | 111,466 |
Philip David | 29,787 | 280,566 | 17,900 | 108,432 |
Lance Howarth | 25,368 | 226,425 | 14,832 | 95,161 |
John Cornish | 26,187 | 239,708 | 15,343 | 77,671 |
Antonio Viana | 36,060 | 382,166 | 22,213 | 162,769 |
Ian Drew | 30,278 | 281,057 | 17,900 | 84,380 |
Tom Lantzsch | 31,489 | 251,123 | 19,599 | 65,868 |
The mid market closing price on 7 February 2011, being the business day prior to the date of these awards, was 611 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
Related Shares:
ARM.L