BAE Systems PLC

Director's Dealing • Mar 22, 2018

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RNS Number : 6554I

BAE SYSTEMS PLC

22 March 2018

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

BAE Systems plc announces that on 20 March 2018 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 581.8 pence per share:

Name of PDMR	Number of shares granted under option
Thomas Arseneault	268,594
Christopher Boardman	94,964
Philip Bramwell	113,175
Claire Divver	89,378
Alan Garwood	102,449
Karin Hoeing-Cosentino	219,147
Nigel Whitehead	119,096

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

Name of PDMR	Number of shares granted under option
Christopher Boardman	109,574
Philip Bramwell	130,586
Claire Divver	103,128
Alan Garwood	118,211
Karin Hoeing-Cosentino	109,574
Peter Lynas	369,462
Nigel Whitehead	137,418
Charles Woodburn	570,454

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

Name of PDMR	Number of shares granted under award
Thomas Arseneault	131,941
Jerry DeMuro	388,559

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

Name of PDMR	Number of shares under award
Thomas Arseneault	65,970
Jerry DeMuro	195,584

BAE Systems Deferred Bonus Plan ("DBP")

5.  In addition, yesterday the following PDMRs purchased ordinary shares of 2.5p each at a consideration of 587.30 pence per share under the DBP ("Deferred Shares"):   

Name of PDMR	Number of Deferred Shares acquired (beneficial interest)
Charles Woodburn	40,681
Peter Lynas	22,472
Christopher Boardman	8,015
Philip Bramwell	13,356
Claire Divver	10,280
Alan Garwood	11,661
Nigel Whitehead	14,577
Jerry DeMuro	45,443

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 £5.818 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	268,594
Performance Shares	Nil consideration	131,941
Restricted Shares	Nil consideration	65,970
Total:		466,505

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 466,505 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

f)

Place of the transaction

-

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 £5.818 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	113,175
Performance Shares	Nil consideration	130,586
Total:		243,761

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 243,761 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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
£5.873	13,356

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 13,356 shares

£78,439.79

e)

Date of the transaction

2018-03-20

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	388,559
Restricted Shares	Nil consideration	195,584
Total:		584,143

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 584,143 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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
£5.873	45,443

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 45,443shares

£266,886.74

e)

Date of the transaction

2018-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Claire Divver

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

Award of shares under the LTIP:

·     Share Options at an option price of £5.818 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	89,378
Performance Shares	Nil consideration	103,128
Total:		192,506

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 192,506 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Claire Divver

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

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£5.873	10,280

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 10,280 shares

£60,374.44

e)

Date of the transaction

2018-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Garwood

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 £5.818 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	102,449
Performance Shares	Nil consideration	118,211
Total:		220,660

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 220,660 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

f)

Place of the transaction

-

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Garwood

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
£5.873	11,661

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 11,661 shares

£68,485.05

e)

Date of the transaction

2018-03-20

f)

Place of the transaction

XLON - London Stock Exchange

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 £5.818 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	94,964
Performance Shares	Nil consideration	109,574
Total:		204,538

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 204,538 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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
£5.873	8,015

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:  8,015 shares

£47,072.10

e)

Date of the transaction

2018-03-20

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 £5.818 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	219,147
Performance Shares	Nil consideration	109,574
Total:		328,721

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 328,721 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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

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	369,462
Total:		369,462

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 369,462 shares

£00.00

e)

Date of the transaction

2018-03-20

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

Purchase of deferred shares under the DBP. 

c)

Price(s) and volume(s)

Price	Volume
£5.873	22,472

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 22,472 shares

£131,978.06

e)

Date of the transaction

2018-03-20

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 £5.818 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	119,096
Performance Shares	Nil consideration	137,418
Total:		256,514

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 256,514 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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
£5.873	14,577

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume:  14,577 shares

£85,610.72

e)

Date of the transaction

2018-03-20

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	570,454
Total:		570,454

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 570,454 shares

£00.00

e)

Date of the transaction

Award made on 2018-03-20

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
£5.873	40,681

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: 40,681 shares

£238,919.51

e)

Date of the transaction

2018-03-20

f)

Place of the transaction

XLON - London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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