BAE Systems PLC has announced that Simon Barnes, Managing Director of BAE Systems Saudi Arabia, has exercised 19,688 unapproved share options under the Long Term Incentive Plan (LTIP) and subsequently sold 8,399 shares, including those to satisfy income tax and NIC liabilities. The acquisition of shares on exercise of the share option was priced at £5.140 per share, while the sale of shares was priced at £10.1100 per share. The transaction took place on the London Stock Exchange. Additionally, Barnes was awarded performance shares under the LTIP in the form of nil cost options and subsequently sold 5,500 shares, including those to satisfy income tax and NIC liabilities. The sale of shares was priced at £10.1100 per share. The transaction also took place on the London Stock Exchange.