BAE Systems PLC

Director's Dealing • Mar 22, 2019

National Storage Mechanism | Additional information

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RNS Number : 7313T

BAE SYSTEMS PLC

22 March 2019

BAE Systems Long Term incentive Plan 2014 ("LTIP")

BAE Systems plc announces that on 20 March 2019 it made the following awards over ordinary shares of 2.5p each in BAE Systems plc under the LTIP to the Persons Discharging Managerial Responsibilities ("PDMRs") specified below:

1.  Share Options, at an option price of 485.0 pence per share:

Name of PDMR	Number of shares granted under option
David Armstrong	69,278
Thomas Arseneault	352,471
Christopher Boardman	118,299
Philip Bramwell	114,464
Karin Hoeing-Cosentino	177,448
Julian Cracknell	67,113
Nigel Whitehead	152,119
Andrew Wolstenholme	128,041

2.  Performance Shares granted in the form of nil cost options:

Name of PDMR	Number of shares granted under option
David Armstrong	69,278
Christopher Boardman	118,299
Philip Bramwell	144,464
Karin Hoeing-Cosentino	177,448
Julian Cracknell	67,113
Peter Lynas	454,288
Nigel Whitehead	152,119
Andrew Wolstenholme	128,041
Charles Woodburn	701,474

3.  Performance Shares granted in the form of conditional awards:

Name of PDMR	Number of shares granted under award
Thomas Arseneault	173,144
Jerry DeMuro	509,864

4.  Restricted Shares granted in the form of conditional awards:

Name of PDMR	Number of shares under award
Thomas Arseneault	86,572
Jerry DeMuro	256,643

BAE Systems Deferred Bonus Plan ("DBP")

5.  In addition, on 20 March 2019, the following PDMRs purchased ordinary shares of 2.5p each at a consideration of 487.1 pence per share under the DBP ("Deferred Shares"):   

Name of PDMR	Number of Deferred Shares acquired (beneficial interest)
David Armstrong	6,327
Christopher Boardman	12,862
Philip Bramwell	13,715
Julian Cracknell	5,301
Jerry DeMuro	35,875
Karin Hoeing-Cosentino	10,262
Peter Lynas	24,416
Nigel Whitehead	13,298
Andrew Wolstenholme	6,053
Charles Woodburn	49,508

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Armstrong

2

Reason for the notification

a)

Position/status

Group Business Development Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share;

·     Performance Shares in the form of a conditional award;

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	69,278
Performance Shares	Nil consideration	69,278
Total:		138,556

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 138,556 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Armstrong

2

Reason for the notification

a)

Position/status

Group Business Development Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	6,327

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 6,327 shares

£30,818.82

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tom Arseneault

2

Reason for the notification

a)

Position/status

Chief Operating Officer, BAE Systems Inc

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share;

·     Performance Shares in the form of a conditional award; and

·     Restricted Shares in the form of a conditional award.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	352,471
Performance Shares	Nil consideration	173,144
Restricted Shares	Nil consideration	86,572
Total:		612,187

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 612,187 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christopher Boardman

2

Reason for the notification

a)

Position/status

Group Managing Director, Air

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	118,299
Performance Shares	Nil consideration	118,299
Total:		236,598

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 236,598 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christopher Boardman

2

Reason for the notification

a)

Position/status

Group Managing Director, Air

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	12,862

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 12,862 shares

£62,650.80

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Bramwell

2

Reason for the notification

a)

Position/status

Group General Counsel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	114,464
Performance Shares	Nil consideration	114,464
Total:		228,928

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 228,928 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Bramwell

2

Reason for the notification

a)

Position/status

Group General Counsel

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	13,715

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 13,715 shares

£66,805.77

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julian Cracknell

2

Reason for the notification

a)

Position/status

Managing Director, Applied Intelligence

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	67,113
Performance Shares	Nil consideration	67,113
Total:		134,226

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 134,226 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Julian Cracknell

2

Reason for the notification

a)

Position/status

Managing Director, Applied Intelligence

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	5,301

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 5,301 shares

£25,821.17

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jerry DeMuro

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Performance Shares in the form of a conditional award; and

·     Restricted Shares in the form of a conditional award.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Performance Shares	Nil consideration	509,864
Restricted Shares	Nil consideration	256,643
Total:		766,507

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 766,507 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jerry DeMuro

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer, BAE Systems Inc and Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	35,875

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 35,875 shares

£174,747.13

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karin Hoeing-Cosentino

2

Reason for the notification

a)

Position/status

Group Human Resources Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	177,448
Performance Shares	Nil consideration	177,448
Total:		354,896

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 354,896 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Karin Hoeing-Cosentino

2

Reason for the notification

a)

Position/status

Group Human Resources Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	10,262

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 10,262 shares

£49,986.20

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Lynas

2

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Performance Shares	Nil consideration	454,288
Total:		454,288

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 454,288 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Lynas

2

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	24,416

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 24,416 shares

£118,930.34

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nigel Whitehead

2

Reason for the notification

a)

Position/status

Chief Technology Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.850 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	152,119
Performance Shares	Nil consideration	152,119
Total:		304,238

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 304,238 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nigel Whitehead

2

Reason for the notification

a)

Position/status

Chief Technology Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	13,298

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:  13,298 shares

£64,774.56

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Wolstenholme

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land UK

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Share Options at an option price of £4.85 per share; and

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Share Options	Nil consideration	128,041
Performance Shares	Nil consideration	128,041
Total:		256,082

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 256,082 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Wolstenholme

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land UK

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	6,053

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:  6,053 shares

£29,484.16

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Woodburn

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Award of shares under the LTIP:

·     Performance Shares in the form of a nil-cost option.

c)

Price(s) and volume(s)

Award	Price(s)	Volume(s)
Performance Shares	Nil consideration	701,474
Total:		701,474

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 701,474 shares

£00.00

e)

Date of the transaction

Award made on 2019-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Woodburn

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£4.871	49,508

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 49,508 shares

£241,153.47

e)

Date of the transaction

2019-03-20

f)

Place of the transaction

XLON - London Stock Exchange

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