And just in case anybody was thinking how unreasonable it was for pilots to dream of protecting their hard earned pensions...............
British Airways PLC
22 December 2006
British Airways Plc (the 'Company')
Employee Share Schemes - Announcement of transaction in ordinary shares of 25p
each.
Exercise of options
The Company announces that on 22 December 2006 it was notified that, on 21
December 2006, options to acquire ordinary shares of 25p each in the capital of
the Company granted under the Company's Long Term Incentive Plan 1996 and Share
Option Plan 1999 had been exercised by executive directors and/or persons
discharging managerial responsibility ('PDMR') as detailed in the table below.
Table 1
Name Director/PDMR Number of shares Option price
Lloyd Cromwell Griffiths PDMR 97,147 Nil cost
Lloyd Cromwell Griffiths PDMR 127,388 157p
Lloyd Cromwell Griffiths PDMR 48,461 321p
Lloyd Cromwell Griffiths PDMR 29,473 380p
Lloyd Cromwell Griffiths PDMR 23,096 394p
The Company also received notification that the directors and/or PDMRs listed
below each sold ordinary shares of 25p each in the capital of the Company on the
London Stock Exchange as set out in the following table:
Table 2
Name Director/PDMR Number of shares Sale price Date of sale
Lloyd Cromwell Griffiths PDMR 97,147 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 127,388 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 48,461 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 29,473 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 23,096 521.44p 21.12.06
Sale of shares by employee trust
Even with my poor arithmetic I think the Director of Flight Crew has just trousered £1,139,072
Trebles all round, Merry Christmas Lloyd of course I will accept a greatly reduced pension.