BP PLC — Remuneration Information 2019

May 8, 2019

National Storage Mechanism | Additional information

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RNS Number : 3568Y

BP PLC

08 May 2019

BP p.l.c.

Notification of transactions of persons discharging managerial responsibility or person closely associated

The Company announces that, on 3 May 2019, the vesting of shares previously awarded to the following Executive Directors of BP p.l.c. under the BP Executive Directors' Incentive Plan (the "Plan") occurred.

EDIP deferred 2015 award - vesting of additional dividend shares

	Vested amount	Shares sold for tax and expenses	Released amount
Brian Gilvary (ordinary shares)	5,364	2,528	2,836

This vesting represents additional dividends received on the vested award under the EDIP deferred matching award granted in 2016, which vested on 19 February 2019 and was announced under RNS 6592Q.

EDIP Performance Share Award 2016-2018 - vesting

The Company has determined that 80% of shares awarded under the EDIP performance share award 2016-2018 will vest. The rationale behind this determination is detailed in the Directors' Remuneration Report contained in BP's Annual Report and Form 20-F 2018.  The released amount stated below will be retained for a period of three years.

	Vested amount	Shares sold for tax and expenses	Released amount
Robert W Dudley (ADSs)	269,974	127,142	142,832
Brian Gilvary (ordinary shares)	776,611	365,739	410,872

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Robert W Dudley

2

Reason for the notification

a)

Position/status

Chief Executive Officer / Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

BP p.l.c.

b)

LEI

213800LH1BZH3DI6G760

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

American Depositary Shares (each representing 6 ordinary shares of $0.25)

US0556221044

b)

Nature of the transaction

Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil consideration	142,832

d)

Aggregated information

-      Volume

-      Price

-      Total

142,832

Nil consideration. Market value $43.08

Nil. Market value $6,153,202.56

e)

Date of the transaction

3 May 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Brian Gilvary

2

Reason for the notification

a)

Position/status

Chief Financial Officer / Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

BP p.l.c.

b)

LEI

213800LH1BZH3DI6G760

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 $0.25

GB0007980591

b)

Nature of the transaction

Shares acquired pursuant to the vesting of shares under the BP Executive Directors' Incentive Plan, following adjustments for tax, dividends and expenses.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil consideration	413,708

d)

Aggregated information

-      Volume

-      Price

-      Total

413,708

Nil consideration. Market value £5.527050

Nil. Market value £2,286,584.80

e)

Date of the transaction

3 May 2019

f)

Place of the transaction

Outside a trading venue

This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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