Source - LSE Regulatory
RNS Number : 3860H
BAE SYSTEMS PLC
24 March 2020
 

Director/PDMR Shareholding

 

 

1. BAE Systems Long Term Incentive Plan

 

BAE Systems plc announces that certain Persons Discharging Management Responsibility (PDMRs) have acquired ordinary 2.5p shares derived from performance and restricted share awards granted under the Company's Long Term Incentive Plan at nil consideration; and a number of the shares were subsequently sold to cover tax liability.

 

The details of these transactions, which took place on the London Stock Exchange, are set out below.

 

1.1     BAE Systems Long Term Incentive Plan - Performance Shares

 


Number of

shares exercised

Number of shares sold

Sale price (per share)

Thomas Arseneault

29,596

13,381

433.09 pence

Jerry DeMuro

70,384

31,823

433.09  pence

 

 

1.2     BAE Systems Long Term Incentive Plan - Restricted Shares

 


Number of shares acquired

Number of shares sold

Sale price

(per share)

Thomas Arseneault

73,325

33,153

433.09 pence

Jerry DeMuro

144,229

65,211

433.09 pence

 

2. BAE Systems Deferred Bonus Plan

 

In addition, on 20 March 2020, the following PDMRs purchased ordinary shares of 2.5p each at a consideration of 496.62 pence per share under the DBP ("Deferred Shares"):  

 


Number of Deferred Shares acquired (beneficial interest)

Sale price (per share)

David Armstrong

8,257

496.62 pence

Christopher Boardman

15,101

496.62 pence

Philip Bramwell

20,685

496.62 pence

Julian Cracknell

4,297

496.62 pence

Jerry DeMuro

66,333

496.62 pence

Bradley Greve

11,420

496.62 pence

Karin Hoeing

17,081

496.62 pence

Peter Lynas

36,941

496.62 pence

Glyn Phillips

7,738

496.62 pence

Mark Phillips

4,063

496.62 pence

Charles Woodburn

72,627

496.62 pence

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Tom Arseneault

2

 

Reason for the notification

 

a)

 

Position/status

 

President & Chief Operating Officer of 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

 

 

Acquisition of shares under the Long Term Incentive Plan - Performance and Restricted Shares  and, the subsequent disposal of some of those shares and retention of the balance of shares

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 


Price

Volume

Acquisition of shares on release of share awards

 

Nil

102,921

Sale of shares, including those sold to satisfy tax  liabilities

 

£4.3309

46,534

Shares retained

 


56,387




d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  102,921

Price GBP:  Nil

 

Shares sold (to satisfy tax liabilities)

Volume:  46,534

Price GBP:  £201,534.10

 

e)

 

Date of the transaction

 

2020-03-23

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

 

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

 

 

Acquisition of shares under the Long Term Incentive Plan - Performance and Restricted Shares and, the subsequent disposal of some of those shares and retention of the balance of shares

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 


Price

Volume

Acquisition of shares on release of share award

 

Nil

214,613

Sale of shares, including those sold to satisfy tax  liabilities

 

£4.3309

97,034

Shares retained

 


117,579




d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  214,613

Price GBP:  Nil

 

Shares sold (to satisfy tax liabilities)

Volume:  97,034

Price GBP:  £420,244.55

 

e)

 

Date of the transaction

 

2020-03-23

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

 

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

£4.9662

66,333

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 66,333 shares

 

£329,422.94

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

David Armstrong

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

£4.9662

8,257

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 8,257 shares

 

£41,005.91

e)

 

Date of the transaction

 

20-03-20

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

 

 

Purchase of deferred shares under the DBP. 

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price

Volume

£4.9662

15,101

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 15,101 shares

 

£74,994.59

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

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

£4.9662

20,685

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 20,685 shares

 

£102,725.85

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Julian Cracknell

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director, Applied Intelligence

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

£4.9662

4,297

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 4,297 shares

 

£21,339.76

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Bradley Greve

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Finance Director Designate

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

£4.9662

11,420

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 11,420 shares

 

£56,714.00

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Karin Hoeing

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

 

 

Purchase of deferred shares under the DBP. 

 

c)

 

Price(s) and volume(s)

 

 

 

 

Price

Volume

£4.9662

17,081

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 17,081 shares

 

£84,827.66

e)

 

Date of the transaction

 

20-03-20

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

£4.9662

36,941

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 36,941 shares

 

£183,456.39

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Glyn Phillips

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Managing Director Maritime and Land UK

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

£4.9662

7,738

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 7,738 shares

 

£38,428.46

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Mark Phillips

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

£4.9662

4,063

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 4,063 shares

 

£20,177.67

e)

 

Date of the transaction

 

20-03-20

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 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

£4.9662

72,627

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 72,627 shares

 

£360,680.21

e)

 

Date of the transaction

 

20-03-20

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 


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