Tullow Oil UK Share Incentive Plan (UK SIP)
Details of shares purchased and awarded to Executive Directors under the UK SIP. A brief description of the UK SIP is set out in share incentive arrangements, Performance Share Plan (PSP).
|Director||Shares held 01.01.11||Partnership shares acquired in year||Matching shares awarded in year||Total shares held 31.12.11||SIP shares that became unrestricted in the year||
Total unrestricted shares held at
Graham Martin, Paul McDade and Ian Springett each acquired 29 partnership shares and were awarded 29 matching shares and Angus McCoss acquired 30 partnership shares and was awarded 30 matching shares on 3 January 2012.
Unrestricted shares (which are included in the total shares held at 31 December 2011) are those held until there is no longer a tax liability if they are withdrawn from the plan.