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BAE Systems PLC
Director's Dealing • Mar 29, 2023
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 6657U
BAE SYSTEMS PLC
29 March 2023
Director/PDMR Shareholding
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Thomas Arseneault
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
Acquisition of 398,029 performance and restricted shares under the Long Term Incentive Plan and the subsequent sale of 179,962 shares to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on release of share awards | Nil consideration | 398,029 |
| Sale of shares to satisfy tax liabilities | £9.8361 | 179,962 |
| Share retained | 218,067 | |
d)
Aggregated information
- Aggregated volume
- Price
Acquired
Volume: 398,029
Price GBP: nil
Shares sold to satisfy tax liabilities
Volume: 179,962
Price GBP: £1,770,124.23
e)
Date of the transaction
23-03-27
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Caitlin Hayden
2
Reason for the notification
a)
Position/status
Group Communications 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
Acquisition of 22,665 performance and restricted shares under the Long Term Incentive Plan and the subsequent sale of 8,158 shares to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on release of share awards | Nil consideration | 22,665 |
| Sale of shares to satisfy tax liabilities | £9.8361 | 8,158 |
| Share retained | 14,507 | |
d)
Aggregated information
- Aggregated volume
- Price
Acquired
Volume: 22,665
Price GBP: nil
Shares sold to satisfy tax liabilities
Volume: 8,158
Price GBP: £80,242.90
e)
Date of the transaction
23-03-27
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Thomas Arseneault
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
Exercise of 304,245 options under the 2012 Executive Share Option Plan and the subsequent sale of 176,623 shares including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on exercise of share options | £4.115 | 304,245 |
| Shares retained to settle the cost of exercise | £9.81 | 127,622 |
| Sale of shares, including those sold to satisfy tax liabilities | £9.81 | 176,623 |
| Share retained | - | |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 304,245
Price GBP: £1,251,968.18
Shares retained to settle the cost of exercise
Volume: 127,622
Price GBP: £1,251,971.82
Shares sold, including those sold to satisfy tax liabilities
Volume: 176,623
Price GBP: £1,732,671.63
e)
Date of the transaction
23-03-27
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
Chief Technology & Information 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
Exercise of 86,491 options under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 19,670 shares including those to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on exercise of share options | £6.49 | 17,714 |
| Acquisition of shares on exercise of share options | £4.851 | 68,777 |
| Shares retained to settle the cost of exercise | £9.832 | 45,082 |
| Sale of shares to satisfy tax liabilities and the balance of option cost | £9.832 | 19,670 |
| Share retained | 21,739 | |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 17,714
Price GBP: £114,963.86
Volume: 68,777
Price GBP: £333,637.23
Shares retained to settle the cost of exercise
Volume: 45,082
Price GBP: £443,246.22
Shares sold to satisfy tax liabilities and the balance of the option cost
Volume: 19,670
Price GBP: £193,395.44
e)
Date of the transaction
23-03-27
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
Chief Technology & Information 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
Acquisition of 44,977 performance shares, in the form of nil cost options, under the LTIP and the subsequent sale of 21,193 shares to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on exercise of nil cost options | - | 44,977 |
| Sale of shares to satisfy tax liabilities | £9.832 | 21,193 |
| Share retained | 23,784 | |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 44,977
Price GBP: £0
Shares sold to satisfy tax liabilities
Volume: 21,193
Price GBP: £208,369.58
e)
Date of the transaction
23-03-27
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Barnes
2
Reason for the notification
a)
Position/status
Managing Director, BAE Systems Saudi Arabia
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
Exercise of 17,151 options under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 6,399 shares, including those sold to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on exercise of share options | £4.851 | 17,151 |
| Shares retained to settle the cost of exercise | £9.844 | 8,452 |
| Sale of shares, including those sold to satisfy tax liabilities | £9.844 | 6,399 |
| Share retained | 2,300 | |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 17,151
Price GBP: £83,199.50
Shares retained to settle the cost of exercise
Volume: 8,452
Price GBP: £83,201.49
Shares sold, including those sold to satisfy tax liabilities
Volume: 6,399
Price GBP: £62,991.76
e)
Date of the transaction
23-03-28
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Barnes
2
Reason for the notification
a)
Position/status
Managing Director, BAE Systems Saudi Arabia
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
Acquisition of 8,014 performance shares, in the form of nil cost options, under the LTIP and the subsequent sale of 5,896 shares, including those sold to satisfy tax liabilities.
c)
Price(s) and volume(s)
| Price | Volume(s) | |
| Acquisition of shares on exercise of nil cost options | - | 8,014 |
| Sale of shares, including those sold to satisfy tax liabilities | £9.844 | 5,896 |
| Share retained | 2,118 | |
d)
Aggregated information
- Aggregated volume
- Price
Exercise
Volume: 8,014
Price GBP: £0
Shares sold, including those sold to satisfy tax liabilities
Volume: 5,896
Price GBP: £58,040.22
e)
Date of the transaction
23-03-28
f)
Place of the transaction
XLON - London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Clifford Robson
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
Sale of shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £9.659144 | 2,965 |
d)
Aggregated information
- Aggregated volume
- Price
Aggregated volume: 2,965 shares
£ 28,639.36
e)
Date of the transaction
23-03-27
f)
Place of the transaction
XLON - London Stock Exchange
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