GlaxoSmithKline PLC
06 August 2007
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibility or Connected Persons
I give below details of changes in interests in the Ordinary shares and American
Depositary Shares (ADSs) of GlaxoSmithKline plc in respect of the
under-mentioned Director and Persons Discharging Managerial Responsibility:-
Dr J-P Garnier Exercise of options on 3 and 6 August 2007 over
144,967 and 80,357 ADSs respectively, granted on
13 November 1997, which would have lapsed on 12
November 2007, under the SmithKline Beecham
Employee Share Option Plan 1991 at a price of
$40.54 per ADS.
The sale of 144,967 ADSs on 3 August 2007 at an
average price of $52.12 per ADS and 80,357 ADSs on
6 August 2007 at an average price of $52.00 per
ADS.
Following this transaction Dr Garnier's total
shareholding in the Company is 505,824 ADSs, which
includes 247,016 ADSs that have been earned but
deferred under the share programmes operated by
the Company. At the price at which the above ADSs
were sold, Dr Garnier's holding is equivalent to
more than 14 times his annual basic salary.
Mr D Stout Exercise of options on 3 August 2007 over 17,525
ADSs granted on 30 October 1997, which would have
lapsed on 29 October 2007, under the SmithKline
Beecham Employee Share Option Plan 1991 at a price
of $40.54 per ADS.
The sale of 15,240 ADSs on 3 August 2007 at an
average price of $51.80 per ADS.
The Company was advised of these transactions on 3 and 6 August 2007.
This notification is in accordance with Disclosure and Transparency Rules 3.1.4R
(1)(a) and 3.1.4R(1)(b).
S M Bicknell
Company Secretary
6 August 2007
This information is provided by RNS
The company news service from the London Stock Exchange
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