Elevator man buys BP shares

Non-executive director George David bought more than £800,000 of shares in BP yesterday, the oil giant announced today.

He bought 30,000 American Depositary Receipts (ADS), which is equivalent to 180,000 ordinary BP shares. He paid $43.99 each for half of the ADSs and $43.98 for the other half.

David, an American, joined BP in 2008. He is a member of the chairman's, the audit, the Gulf of Mexico and the remuneration committees. He has previously worked with management consultant The Boston Consulting Group and elevator manufacturer Otis. Following Otis's merger with UTC in 1977, he moved up the ranks, becoming chief executive in 1994 and chairman in 1997, before he retired in 2009.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Top Director Buys

BP (BP.) Director name: Mr George DavidAmount purchased: 90,000 @ 454.74p Value: £409,266

BP (BP.) Director name: Mr George DavidAmount purchased: 90,000 @ 454.65p Value: £409,185

Symphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 250,000 @ $0.78 Value: $194,775

Ecofin Water & Power Opportunities (ECWO) Director name: Mr Ian Christopher BarbyAmount purchased: 150,000 @ 126.00p Value: £189,000

Datatec Ltd. (DI) (DTC) Director name: Mr Jens P MontananaAmount purchased: 40,570 @ 331.04p Value: £134,303

Asian Citrus Holding (ACHL) Director name: Mr Tong Wang ChowAmount purchased: 200,000 @ 58.36p Value: £116,720

Inchcape (INCH) Director name: Mr Nigel NorthridgeAmount purchased: 15,000 @ 379.50p Value: £56,925

Europa Oil & Gas (EOG) Director name: Mr Christian W Ahlefeldt-LaurvigAmount purchased: 250,000 @ 22.25p Value: £55,625

Stobart Group Ltd. (STOB) Director name: Mr Paul David Orchard-LisleAmount purchased: 39,777 @ 125.25p Value: £49,821

Kofax (KFX) Director name: Mr Greg LockAmount purchased: 9,000 @ 463.70p Value: £41,733

Top Director Sells