Business
Exercise of options and sales to cover tax
Exercise of options and sales to cover tax.
About this update from Wpp Plc
[{"type":"text","content":"\n \nRNS Number : 1599Y WPP PLC 01 December 2017 \n\n\n\n\n\nFINAL RELEASE\n\n\n1 December 2017\n\n\n\n\n \n \nWPP plc (\"WPP\") \n \nDirector's Interests\n \nExercise of options and sales to cover tax\n \n \nWPP was today notified that Sir Martin Sorrell (CEO of WPP) has exercised his rights to receive 10,204,217 shares subject to various share awards.\n \nThese awards relate to deferred awards granted under:\n \n· WPP's 2004 Leadership Equity Acquisition Plan (\"LEAP\"); and \n· WPP's Capital Investment Plan (covering 1995-1999 performance period and since deferred into awards referred to as Deferred Stock Units (\"DSU\")).\n \nThe awards have been disclosed in WPP's Annual Reports and announcements made previously as forming part of Sir Martin Sorrell's beneficial holding. They were granted as options to acquire ordinary shares in WPP plc. The right to exercise the awards was deferred until no later than 30 November 2017 following share owner approval in 2010.\n \nThe following table summarises the plans exercised, dates and volume of the transactions.\n \n\n\n\n\nAward\n\n\nDeferral date\n\n\nDate of Transaction\n\n\nNumber of ordinary shares [1]\n\n\nTotal exercise price payable\n\n\nTotal volume of shares sold\n\n\n\n\nUK DSU\n\n\nOctober 2008\n\n\n28 November 2017\n\n\n1,771,472\n\n\n£38.98\n\n\n797,163\n\n\n\n\nUK DSU\n\n\nDecember 2008\n\n\n28 November 2017\n\n\n987,742\n\n\n£21.74\n\n\n444,484\n\n\n\n\nUK 2004 LEAP\n\n\nMarch 2008\n\n\n28 November 2017\n\n\n2,428,984\n\n\nnil\n\n\n1,093,043\n\n\n\n\nUK 2005 LEAP\n\n\nMarch 2010\n\n\n30 November 2017\n\n\n410,895\n\n\nnil\n\n\n184,903\n\n\n\n\nUK 2006 LEAP\n\n\nMarch 2011\n\n\n30 November 2017\n\n\n498,130\n\n\nnil\n\n\n224,159\n\n\n\n\nUK 2007 LEAP\n\n\nMarch 2012\n\n\n30 November 2017\n\n\n249,021\n\n\nnil\n\n\n112,060\n\n\n\n\nUK 2009 LEAP\n\n\nMarch 2014\n\n\n30 November 2017\n\n\n1,087,898\n\n\nnil\n\n\n489,555\n\n\n\n\nUS DSU\n\n\nOctober 2008\n\n\n30 November 2017\n\n\n877,736\n\n\n£19.32\n\n\n452,649\n\n\n\n\nUS 2004 LEAP\n\n\nMarch 2008\n\n\n30 November 2017\n\n\n1,380,308\n\n\nnil\n\n\n711,825\n\n\n\n\nUS 2005 LEAP\n\n\nMarch 2010\n\n\n30 November 2017\n\n\n297,545\n\n\nnil\n\n\n153,444\n\n\n\n\nUS 2007 LEAP\n\n\nMarch 2012\n\n\n30 November 2017\n\...