BP 2015 Annual Report Download - page 136

10. Earnings per ordinary share – continued
$ million
2015 2014 2013
Profit (loss) attributable to BP shareholders (6,482) 3,780 23,451
Less: dividend requirements on preference shares 222
Profit (loss) for the year attributable to BP ordinary shareholders (6,484) 3,778 23,449
Shares thousand
2015 2014 2013
Basic weighted average number of ordinary shares 18,323,646 18,385,458 18,931,021
Potential dilutive effect of ordinary shares issuable under employee share-based payment plans –111,836 115,152
18,323,646 18,497,294 19,046,173
The number of ordinary shares outstanding at 31 December 2015, excluding treasury shares, and including certain shares that will be issuable in the
future under employee share-based payment plans was 18,412,392,432. Between 31 December 2015 and 16 February 2016, the latest practicable
date before the completion of these financial statements, there was a net increase of 12,765,658 in the number of ordinary shares outstanding as a
result of share issues in relation to employee share-based payment plans.
Employee share-based payment plans
The group operates share and share option plans for directors and certain employees to obtain ordinary shares and ADSs in the company. Information
on these plans for directors is shown in the Directors remuneration report on pages 76-92.
The following table shows the number of shares potentially issuable under equity-settled employee share option plans, including the number of options
outstanding, the number of options exercisable at the end of each year, and the corresponding weighted average exercise prices. The dilutive effect of
these plans at 31 December is also shown.
Share options 2015 2014
Number of
optionsab
thousand
Weighted
average
exercise
price $
Number of
optionsab
thousand
Weighted
average
exercise
price $
Outstanding 70,049 8.54 113,206 9.62
Exercisable 46,520 10.21 86,211 10.89
Dilutive effect 2,659 n/a 5,570 n/a
aNumbers of options shown are ordinary share equivalents (one ADS is equivalent to six ordinary shares).
bAt 31 December 2015 the quoted market price of one BP ordinary share was £3.54 (2014 £4.11).
In addition, the group operates a number of equity-settled employee share plans under which share units are granted to the group’s senior leaders and
certain other employees. These plans typically have a three-year performance or restricted period during which the units accrue net notional dividends
which are treated as having been reinvested. Leaving employment will normally preclude the conversion of units into shares, but special arrangements
apply for participants that leave for qualifying reasons. The number of shares that are expected to vest each year under employee share plans are
shown in the table below. The dilutive effect of the employee share plans at 31 December is also shown.
Share plans 2015 2014
Vesting
Number of
sharesa
thousand
Number of
sharesa
thousand
Within one year 78,823 78,467
1 to 2 years 76,779 91,993
2 to 3 years 89,654 80,966
3 to 4 years 41,479 28,564
4 to 5 years 695 222
287,430 280,212
Dilutive effect 101,984 99,917
aNumbers of shares shown are ordinary share equivalents (one ADS is equivalent to six ordinary shares).
There has been a net increase of 60,530,268 in the number of potential ordinary shares relating to employee share-based payment plans between
31 December 2015 and 16 February 2016.
132 BP Annual Report and Form 20-F 2015