BP 2012 Annual Report Download - page 137

Corporate governance
Corporate governance
BP Annual Report and Form 20-F 2012
135
Directors’ interests
The figures below indicate and include all the beneficial and non-beneficial interests of each director of the company in shares of BP
(or calculated equivalents) that have been disclosed to the company under the Disclosure and Transparency Rules as at the applicable dates.
Current directors
Ordinary shares
or equivalents
at 1 Jan 2012
Ordinary shares
or equivalents
at 31 Dec 2012
Change from
31 Dec 2012 to
25 Feb 2013
Ordinary shares
or equivalents
total at
25 Feb 2013
Carl-Henric Svanberg 942,979 988,077 – 988,077
Bob Dudley 337,301a346,008a–346,008
a
Paul Anderson 6,000a6,000a24,000a30,000a
Admiral Frank Bowman 12,720a16,320a– 16,320a
Antony Burgmans 10,156 10,156 – 10,156
Cynthia Carroll 10,500a10,500a– 10,500a
Iain Conn 425,169b509,729b70,423 580,152b
George David 579,000a579,000a– 579,000a
Ian Davis 10,391 10,866 – 10,866
Dr Brian Gilvary 236,029 331,977 77,267 409,244
Dr Byron Grote 1,394,819c1,512,616c– 1,512,616c
Brendan Nelson 11,040 11,040 – 11,040
Phuthuma Nhleko ––––
Andrew Shilston – 15,000 – 15,000
Directors joining the board On appointment
Professor Dame Ann Dowling –d11,630 – 11,630
Directors leaving the board At 1 Jan 2012
At resignation/
retirement
Sir William Castell 82,500 82,500e––
a Held as ADSs.
b Includes 48,024 shares held as ADSs.
c Held as ADSs, except for 94 shares held as ordinary shares.
d On appointment at 3 February 2012.
e On retirement at 12 April 2012.
The table below shows both the performance shares and the deferred bonus element awarded under the BP Executive Directors’ Incentive Plan (EDIP).
These figures represent the maximum possible vesting levels. The actual number of shares/ADSs that vest will depend on the extent to which
performance conditions have been satisfied over a three-year period. Additional details regarding the performance shares and deferred bonus elements
of the EDIP awarded can be found on pages 143 and 144.
Current directors
Performance
shares at
1 Jan 2012
Performance
shares at
31 Dec 2012
Change from
31 Dec 2012 to
25 Feb 2013
Performance
shares total at
25 Feb 2013
Bob Dudleya2,451,048 3,691,950 1,270,710 4,962,660
Iain Conn 2,103,422 2,305,847 365,314 2,671,161
Dr Brian Gilvaryb67,500 669,434 934,620 1,604,054
Dr Byron Grotea2,686,632 2,889,192 446,430 3,335,622
a Held as ADSs.
b This includes conditionally awarded shares made under the Competitive Performance Plan prior to his appointment as a director. The vesting of these shares is subject to performance conditions.
At 25 February 2013, the following directors of BP p.l.c. held the numbers of options under the BP group share option schemes for ordinary shares or
their calculated equivalent, and the number of restricted shares as set out below. None of these are subject to performance conditions. Additional
details regarding these options can be found on page 144.
Current directors Options
Restricted
shares
Bob Dudley ––
Iain Conn 3,814 –
Dr Brian Gilvary 504,191 197,881
Dr Byron Grote ––
No director has any interest in the preference shares or debentures of the company or in the shares or loan stock of any subsidiary company.
There are no directors or members of senior management who own more than 1% of the ordinary shares in issue. At 25 February 2013, all directors and
senior management as a group held interests in 10,878,365 ordinary shares or their calculated equivalent, 12,805,997 performance shares or their
calculated equivalent and 6,475,874 options for ordinary shares or their calculated equivalent under the BP group share option schemes.