BAE Systems PLC

Remuneration Information • Mar 26, 2013

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RNS Number : 9093A

BAE SYSTEMS PLC

26 March 2013

BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMR") OR THEIR CONNECTED PERSONS

Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:

(i)  The Company was notified yesterday by the trustee of the BAE Systems ESOP Trust that the following PDMRs purchased ordinary shares of 2.5p each in BAE Systems plc at a consideration of 388.9 pence per share ("Investment Shares") under the BAE Systems Share Matching Plan on 25 March 2013.  The transaction took place on the London Stock Exchange. The same PDMRs were concurrently awarded a contingent interest in ordinary shares of 2.5p each in BAE Systems plc at nil consideration ("Award Shares") also under the BAE Systems Share Matching Plan. The number of shares acquired were as follows:  

Name of PDMR	Number of Investment Shares acquired (beneficial interest)	Number of Award Shares acquired (contingent interest)
Philip Bramwell	12,522	50,088
Alan Garwood	13,483	53,932
Guy Griffiths	21,344	85,376
Linda Hudson	45,081	180,324
Ian King	51,603	206,412
Charlotte Lambkin	7,246	28,984
Peter Lynas	20,617	82,468
Lynn Minella	7,222	28,888
Kevin Taylor	10,917	43,668
Nigel Whitehead	34,492	137,968

(ii)  The Company yesterday granted options under the BAE Systems Performance Share Plan at nil consideration to the following PDMRs as set out below:

Name of PDMR	Number of shares granted under option
Thomas Arseneault	131,643
Philip Bramwell	79,407
Alan Garwood	71,819
Guy Griffiths	73,239
David Herr	120,672
Linda Hudson	255,815
Ian King	309,542
Charlotte Lambkin	46,531
Peter Lynas	175,494
Lynn Minella	75,212
Kevin Taylor	68,526
Nigel Whitehead	79,407

(iii)  Conditional awards of shares were granted on 25 March 2013 under the BAE Systems Restricted Share Plan over ordinary shares of 2.5p each in BAE Systems plc at nil consideration as set out below:

Name of PDMR	Number of shares under award
Thomas Arseneault	70,884
David Herr	64,977
Linda Hudson	176,424

(iv)  The Company yesterday granted options under the BAE Systems 2012 Executive Share Option Plan to the following PDMRs as set out below:

Name of PDMR	Number of shares granted under option
Thomas Arseneault	288,602
Philip Bramwell	158,814
Alan Garwood	143,638
Guy Griffiths	146,479
David Herr	264,551
Linda Hudson	688,056
Ian King	742,903
Charlotte Lambkin	93,062
Peter Lynas	421,187
Lynn Minella	150,424
Kevin Taylor	137,053
Nigel Whitehead	158,814

The option price is 388.9 pence per share.

(v)  On 25 March 2013 the following PDMRs acquired ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan (which include additional shares deriving from the notional dividends on these awards which have accrued during the three year performance period), the related performance condition having been met.  No consideration was paid for the acquisition of these shares.  The shares were sourced from treasury shares.  Some of the shares were subsequently disposed of on 25 March 2013 as indicated below.  These transactions took place on the London Stock Exchange.

Name of PDMR	No. of shares over which under option exercised	Number of shares sold	Sale price per share
Thomas Arseneault	5,708	1,896	389.7 pence
David Herr	5,616	1,866	389.7 pence
Linda Hudson	17,124	14,697	389.7 pence

26 March 2013

This information is provided by RNS

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