11th Feb 2008 12:28
ARM Holdings PLC11 February 2008 RNS announcement entitled "Directors'/PDMRs' shareholding" ARM Holdings plc11 February 2008 Announcement of Share Purchases, Vesting and New Awards under the Company'sEquity Plans ARM Holdings plc announces that on 8 February 2008 certain directors and PDMRspurchased shares as follows: ---------------------------------------------------------------------------Name Role Number of Price paid Total number of shares shares held purchased (including LTIP vesting below)---------------------------------------------------------------------------Warren East CEO 25,000 93.75p 741,603---------------------------------------------------------------------------Tim Score CFO 25,000 93.75p 343,549---------------------------------------------------------------------------Mike Inglis EVP Sales & 20,000 94.021p 226,609 Marketing---------------------------------------------------------------------------Young Sohn Independent 53,000 ADRs $5.5490 156,000 non-executive equal to director 156,000 shares---------------------------------------------------------------------------Bill Parsons PDMR 100,000 94.75p 177,673--------------------------------------------------------------------------- In addition, performance conditions were partially satisfied, giving rise to thevesting of a proportion of conditional awards made in 2005 under the company'sLong Term Incentive Plan ("LTIP") and options granted in 2005 under thecompany's Executive Share Option Scheme ("ESOS"). Details of awards vesting andof shares sold in order to satisfy the tax liabilities arising on the LTIP arelisted below. -------------------------------------------------------------------------------Name Number of Number of Number of shares vesting shares vesting shares sold to under the LTIP under the ESOS satisfy tax liabilities-------------------------------------------------------------------------------Warren East 151,057 529,857 61,934Tim Score 120,846 423,886 49,547Tudor Brown 111,178 389,975 0Mike Inglis 96,676 339,109 39,838Mike Muller 101,510 356,064 41,620Simon Segars 87,009 305,197 35,674Bill Parsons 67,673 * 0Graham Budd 58,006 * 23,783Patricia Alsop 62,839 * 25,764Philip David 67,673 * 27,746Lance Howarth 16,918 * 6,937------------------------------------------------------------------------------- *no performance conditions apply to 2005 options grants to these participants Also on 8 February 2008 the annual conditional awards were made under the LTIPand deferred shares were awarded under the Deferred Annual Bonus Plan ("DAB") inrelation to 2007 performance to directors and PDMRs as follows: -------------------------------------------------------------------------------Name Number of Total number Number of Total number shares of conditional deferred of deferred conditionally awards held shares awarded shares held awarded under under the LTIP under the DAB under the DAB the LTIP-------------------------------------------------------------------------------Warren East 446,237 1,033,219 82,043 190,871Tim Score 387,097 883,248 69,581 161,226Tudor Brown 306,452 711,772 54,739 129,200Mike Inglis 268,817 621,152 48,810 113,248Simon Segars 268,817 602,351 47,772 105,508Mike Muller 263,441 611,870 48,810 110,670Graham Budd 198,925 448,953 49,556 122,740Bill Parsons 193,548 443,577 34,574 78,563Patricia Alsop 182,796 417,686 32,540 73,780Philip David 177,419 412,309 31,155 70,677Lance Howarth 55,645 123,056 7,638 15,256------------------------------------------------------------------------------- The mid market closing price on 7 February 2008 was 93.0 pence per share. Under the DAB, the deferred shares and any matching shares earned (which wouldbe subject to achievement of an EPS performance condition) will normally bereleased 3 years from the date of award. Under the LTIP, the vesting of sharesconditionally awarded is subject to achievement of a TSR performance conditionand will normally take place in 2011. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARM.L