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Spirent Communications PLC — Remuneration Information 2017
May 2, 2017
4625_dirs_2017-05-02_a7c509ed-a45d-4505-87fd-09535d2d04f5.html
Remuneration Information
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RNS Number : 9688D
Spirent Communications PLC
02 May 2017
SPIRENT COMMUNICATIONS PLC
2 May 2017
DIRECTOR / PDMR SHAREHOLDING: LAPSE OF 2014 LONG-TERM INCENTIVE AWARDS
The Company confirms that neither of the performance conditions associated with awards made under the Spirent Employee Incentive Plan on 28 April 2014 reached threshold performance conditions for vesting and hence all awards under the award lapsed on their third anniversary of grant, 28 April 2017.
Details of the lapsed awards relating to current PDMRs are set out below.
1.
Details of PDMR / person closely associated
Name
Eric Hutchinson
2.
Reason for the notification
a)
Position / status
CEO
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Spirent Communications plc
b)
Legal Entity Identifier Code
213800HKCUNWP1916L38
4.
Details of the transaction(s)
a)
Description of the financial instrument
Identification code
Ordinary shares of 3 1/3 pence each
GB0004726096
b)
Nature of the transaction
Lapse of award of Performance Shares (nil-cost options) granted on 28 April 2014 under the Spirent Employee Incentive Plan 2005 due to failed performance conditions
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 0.00 | 493,583 |
d)
Aggregated information
- Aggregated volume
- price
493,583
0.00
e)
Date of the transaction
28 April 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated
Name
James Armstrong
2.
Reason for the notification
a)
Position / status
Chief Operating Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Spirent Communications plc
b)
Legal Entity Identifier Code
213800HKCUNWP1916L38
4.
Details of the transaction(s)
a)
Description of the financial instrument
Identification code
Ordinary shares of 3 1/3 pence each
GB0004726096
b)
Nature of the transaction
Lapse of award of Performance Shares (nil-cost options) granted on 28 April 2014 under the Spirent Employee Incentive Plan 2005 due to failed performance conditions
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 0.00 | 117,520 |
d)
Aggregated information
- Aggregated volume
- price
117,520
0.00
e)
Date of the transaction
28 April 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of PDMR / person closely associated
Name
Nigel Wright
2.
Reason for the notification
a)
Position / status
EVP, Global Sales
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Spirent Communications plc
b)
Legal Entity Identifier Code
213800HKCUNWP1916L38
4.
Details of the transaction(s)
a)
Description of the financial instrument
Identification code
Ordinary shares of 3 1/3 pence each
GB0004726096
b)
Nature of the transaction
Lapse of award of Performance Shares (nil-cost options) granted on 28 April 2014 under the Spirent Employee Incentive Plan 2005 due to failed performance conditions
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 0.00 | 58,760 |
d)
Aggregated information
- Aggregated volume
- price
58,760
0.00
e)
Date of the transaction
28 April 2017
f)
Place of the transaction
Outside a trading venue
Enquiries
Michelle Balch Spirent Communications plc +44 (0)1293 767676
Deputy Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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