BP 2012 Annual Report Download - page 146

Corporate governance
BP Annual Report and Form 20-F 2012
144
Deferred shares (audited)
Deferred share element interests Interests vested in 2012 and 2013
Bonus year Type
Performance
period
Date of
award of
deferred
shares
Potential maximum performance shares Number of
ordinary
shares
vested Vesting date
Market price
of each share
at vesting
£
At 1 Jan
2012
Awarded
2012a
At 31 Dec
2012
Awarded
2013
Bob Dudleyb 2011 Comp 2012-2014 08 Mar 2012 – 109,206 109,206 – – – –
Vol 2012-2014 08 Mar 2012 – 109,206 109,206 – – – –
Mat 2012-2014 08 Mar 2012 – 218,412 218,412 – – – –
2012 Comp 2013-2015 11 Feb 2013 – – – 114,690 – – –
Vol 2013-2015 11 Feb 2013 – – – 114,690 – – –
Mat 2013-2015 11 Feb 2013 – – – 229,380 – – –
Iain Conn 2010 Comp 2011-2013 09 Mar 2011 21,384 – 21,384 – – – –
Mat 2011-2013 09 Mar 2011 21,384 – 21,384 – – – –
2011 Comp 2012-2014 08 Mar 2012 – 80,652 80,652 – – – –
Vol 2012-2014 08 Mar 2012 – 80,652 80,652 – – – –
Mat 2012-2014 08 Mar 2012 – 161,304 161,304 – – – –
2012 Comp 2013-2015 11 Feb 2013 – – – 80,648 – – –
Vol 2013-2015 11 Feb 2013 – – – 80,648 – – –
Mat 2013-2015 11 Feb 2013 – – – 161,296 – – –
Dr Brian Gilvaryc2009 DAB 2010-2012 15 Mar 2010 87,394 – 87,394 – 95,279 15 Jan 2013 4.58
2010 DAB 2011-2013 14 Mar 2011 44,971 – 44,971 – – – –
2011 DAB 2012-2014 15 Mar 2012 – 73,624 73,624 – – – –
2012 Comp 2013-2015 11 Feb 2013 – – – 78,815 – – –
Vol 2013-2015 11 Feb 2013 – – – 78,815 – – –
Mat 2013-2015 11 Feb 2013 – – – 157,630 – – –
Dr Byron Groteb2010 Comp 2011-2013 09 Mar 2011 26,604 – 26,604 – – – –
Vol 2011-2013 09 Mar 2011 26,604 – 26,604 – – – –
Mat 2011-2013 09 Mar 2011 53,208 – 53,208 – – – –
2011 Comp 2012-2014 08 Mar 2012 – 91,638 91,638 – – – –
Vol 2012-2014 08 Mar 2012 – 91,638 91,638 – – – –
Mat 2012-2014 08 Mar 2012 – 183,276 183,276 – – – –
2012 Comp 2013-2015 11 Feb 2013 – – – 97,278 – – –
Vol 2013-2015 11 Feb 2013 – – – 97,278 – – –
Mat 2013-2015 11 Feb 2013 – – – 194,556 – – –
Comp = Compulsory.
Vol = Voluntary.
Mat = Matching.
DAB = Deferred Annual Bonus Plan.
a The market price of ordinary shares on 8 March 2012 was £4.94 and for ADSs was $47.11.
b Bob Dudley and Dr Byron Grote received awards in the form of ADSs. The above numbers reflect calculated equivalents in ordinary shares. One ADS is equivalent to six ordinary shares.
c Dr Brian Gilvary was granted the shares under the DAB prior to his appointment as a director. The vesting of these shares is not subject to further performance conditions and he receives deferred
shares at each scrip payment date as part of his election choice.
Share interests in share option plans (audited)
Option type At 1 Jan 2012 Granted Exercised
At 31 Dec
2012
Option
price
Market price at
date of exercise
Date from which
first exercisable Expiry date
Bob DudleyaBP SOP 17,835 – – –b$48.99 – 18 Feb 2005 17 Feb 2012
BP SOP 17,835 – – 17,835 $38.10 – 17 Feb 2006 16 Feb 2013
Iain Conn SAYE 617 – 617 – £4.87 £4.92c01 Sep 2011 29 Feb 2012
SAYE 605 – – 605 £4.20 – 01 Sep 2012 28 Feb 2013
SAYE 3,017 – – 3,017 £3.68 – 01 Sep 2016 28 Feb 2017
SAYE – 797 – 797 £3.16 – 01 Sep 2015 28 Feb 2016
EXEC 130,000 – – –b£5.72 – 18 Feb 2005 18 Feb 2012
Dr Brian Gilvary BP 2011 500,000 – – 500,000 £4.44 – 07 Sep 2014 07 Sep 2021
SAYE 4,191 – – 4,191 £3.68 – 01 Sep 2016 28 Feb 2017
The closing market prices of an ordinary share and of an ADS on 31 December 2012 were £4.25 and $41.64 respectively.
During 2012 the highest market prices were £5.12 and $48.34 respectively and the lowest market prices were £3.60 and $36.25 respectively.
BP SOP = BP Share Option Plan. These options were granted to Bob Dudley prior to his appointment as a director and are not subject to performance conditions.
EXEC = Executive Share Option Scheme. These options were granted to Iain Conn prior to his appointment as a director and are not subject to performance conditions.
BP 2011 = BP 2011 Plan. These options were granted to Dr Brian Gilvary prior to his appointment as a director and are not subject to performance conditions.
SAYE = Save As You Earn employee share scheme.
a Numbers shown are ADSs under option. One ADS is equivalent to six ordinary shares.
b Options lapsed.
c Options exercised on 29 February 2012. Closing market price for information. Shares were retained after exercise of options.