BP 2007 Annual Report Download - page 84

Additional information for shareholders
Share ownership
Directors and senior management
As at 19 February 2008, the following directors of BP p.l.c. held interests in BP ordinary shares of 25 cents each or their calculated equivalent as set
out below:
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Dr D C Allen 597,568 839,948a–
I C Conn 230,092 1,418,324a266,904b
Dr B E Grote 1,193,137 1,543,820a–
Dr A B Hayward 482,521 1,934,830a–
A G Inglis 549,756 978,619a266,904b
ABurgmans 10,000 – –
C B Carroll ––
Sir William Castell 50,000 – –
G David 9,000 – –
EBDavis,Jr 70,602 – –
D J Flint 15,000 – –
Dr D S Julius 15,000 – –
Sir Tom McKillop 20,000 – –
Dr W E Massey 49,722 – –
Sir Ian Prosser 16,301 – –
P D Sutherland 30,906 – –
As at 19 February 2008, the following directors of BP p.l.c. held options under the BP group share option schemes for ordinary shares or their
calculated equivalent as set out below:
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Dr D C Allen 794,950
I C Conn 206,390
Dr B E Grote 1,186,098
Dr A B Hayward 769,620
A G Inglis 415,300
aPerformance shares awarded under the BP Executive Directors Incentive Plan. These 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.
bRestricted share award under the BP Executive Directors Incentive Plan. These will vest in equal tranches after three and five years, subject to their continued service and
satisfactory performance.
There are no directors or members of senior management who own more than 1% of the ordinary shares outstanding. At 19 February 2008, all
directors and senior management as a group held interests in 14,132,552 ordinary shares or their calculated equivalent and 4,323,092 options for
ordinary shares or their calculated equivalent under the BP group share options schemes.
Additional details regarding the options granted, including exercise price and expiry dates, are found in the directors’ remuneration report on page70.
Employee share plans
The following table shows employee share options granted.
options thousands
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2007 2006 2005
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Employee share options granted during the yeara6,004 53,977 54,482
aFor the options outstanding at 31 December 2007, the exercise price ranges and weighted average remaining contractual lives are shown in Financial statements – Note 41
on page 160.
BP offers most of its employees the opportunity to acquire a Savings and matching plans
shareholding in the company through savings-related and/or matching BP ShareSave Plan
share plan arrangements. BP also uses long-term performance plans (see This is a savings-related share option plan, under which employees save
Financial statements – Note 41 on page 160) and the granting of share on a monthly basis over a three- or five-year period towards the purchase
options as elements of remuneration for executive directors and senior of shares at a fixed price determined when the option is granted. This
employees. price is usually set at a 20% discount to the market price at the time of
Shares acquired through the company’s employee share plans rank grant. The option must be exercised within six months of maturity of the
pari passu with shares in issue and have no special rights, save as savings contract otherwise it lapses. The plan is run in the UK and
described below. For legal and practical reasons, the rules of these plans options are granted annually, usually in June. Participants leaving for a
set out the consequences of a change of control of the company, and qualifying reason will have six months in which to use their savings to
generally provide for options and conditional awards to vest on an exercise their options on a pro-rated basis.
accelerated basis.
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