Director/PDMR Shareholding

RNS Number : 1639A

GlaxoSmithKline PLC

14 February 2014

 



Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Vesting of Conditional Share Awards under the

GlaxoSmithKline Performance Share Plan

This notification sets out the vesting of an award over Ordinary Shares in GlaxoSmithKline plc, made in 2011 to a connected person of a Person Discharging Managerial Responsibility (PDMR) under the GlaxoSmithKline 2009 Performance Share Plan. The award was subject to relevant business performance conditions.

The three year performance period for the award commenced on 1 January 2011 and ended on 31 December 2013. 

The table below shows the proportion of this Performance Share Plan conditional award that vested and lapsed on 13 February 2014.

Name of PDMR	Name of Connected Person	Number of Ordinary Shares Awarded	Number of Ordinary Shares lapsed
Mr P Thomson	Mrs K Thomson	1,420	841

The Company and the above individual was advised of this transaction on 13 February 2014.

The fair market value of an Ordinary Share of GlaxoSmithKline plc at the point of vesting on 13 February 2014 was £16.53.

This notification relates to a transaction notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(c).

Sonja Arsenić

Corporate Secretariat

14 February 2014

 

END

 

 

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