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.
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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
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