Sainsbury (J) PLC — Director's Dealing 2017

May 17, 2017

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RNS Number : 4088F

Sainsbury(J) PLC

17 May 2017

17 May 2017

J Sainsbury plc

Director/PDMR Shareholding

J Sainsbury plc (the Company) was notified of the following exercises of awards on 16 May 2017 granted under the J Sainsbury plc Long Term Incentive Plan 2006 by Directors of the Company and Persons Discharging Managerial Responsibility (PDMRs). The awards exercised were granted on 15 May 2014 as nil-cost options over ordinary shares of 284/7 pence each in the Company (the Shares) and vest in two tranches, 50% after 3 years and 50% after 4 years, in accordance with the achievement of the performance conditions.    

PDMRs	Number of Shares Exercised	Number of Shares sold (1)	Number of Shares retained
Mike Coupe (Director)	77,392	36,448	40,944
John Rogers (Director)	46,371	21,839	24,532
Tim Fallowfield	21,353	21,353	0
Peter Griffiths	25,039	11,792	13,247
Jon Hartland	11,360	11,360	0
Paul Mills-Hicks(2)	20,866	9,827	11,039
Angie Risley	29,074	13,693	15,381
Richard Newsome	10,819	5,096	5,723

(1) Sufficient shares were sold to cover tax withholdings. The Shares were sold on the London Stock Exchange at an average price of £2.66 per Share.

(2) The retained shares were transferred to their spouse.

(3) The number of shares over which each award became exercisable was increased in respect of dividends accrued on the shares which vested.

Following the above transactions John Rogers and Michael Coupe held 750,333 Shares and 1,280,690 Shares respectively.

The Notification of Dealing Forms for each PDMR can be found below.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

For further information please contact:

Lucy Glover

Senior Assistant Company Secretary

+44 (0)20 7695 8066

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Coupe

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

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	77,392

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	36,448

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Rogers

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	46,371

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	21,839

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Fallowfield

2

Reason for the notification

a)

Position/status

Company Secretary and Corporate Services Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	21,353

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares following the exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	21,353

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Griffiths

2

Reason for the notification

a)

Position/status

CEO of Sainsbury's Bank

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	25,039

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	11,792

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jon Hartland

2

Reason for the notification

a)

Position/status

Acting Retail and Operations Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006 and sale of shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	11,360

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares following the exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	11,360

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Mills-Hicks

2

Reason for the notification

a)

Position/status

Food Commercial Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	20,866

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	9,827

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 3

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Transfer of the remaining shares to spouse.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	11,039

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angie Risley

2

Reason for the notification

a)

Position/status

Group HR Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	29,074

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	13,693

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Newsome

2

Reason for the notification

a)

Position/status

Acting Digital and Technology Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

J Sainsbury plc

b)

LEI

213800VGZAAJIKJ9Y484

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

Transaction 1

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Exercise of options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	10,819

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

Transaction 2

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 284/7 pence each

ISIN: GB00B019KW72

b)

Nature of the transaction

Sale of shares to cover tax withholdings arising on exercising options under the Long Term Incentive Plan 2006.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£2.66	5,096

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

16 May 2017

f)

Place of the transaction

XLON

This information is provided by RNS

The company news service from the London Stock Exchange

END

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