Director/PDMR Shareholding

RNS Number : 8913A

GlaxoSmithKline PLC

25 February 2014

 



Notification of Transactions of

Directors and Persons Discharging Managerial Responsibility

Vesting of conditional share awards made under

the GlaxoSmithKline Share Value Plan

This notification sets out the vesting of awards over Ordinary Shares made in 2011 under the GlaxoSmithKline Share Value Plan (SVP), which were conditional on continued employment with the GlaxoSmithKline group.

The three-year vesting period for the 2011 SVP awards, which commenced on 24 February 2011, has now ended. The vesting of the SVP awards on 24 February 2014 made to individuals who have subsequently been appointed Persons Discharging Managerial Responsibility (PDMR), are given in the table below.

Name of PDMR	Number of Ordinary Shares vested	Number of ADS  vested
Mr R Connor	8,230
Mr J Ford		5,740
Mr P Thomson	10,050
Mrs V Whyte	10,050

The Company and PDMRs were advised of these transactions on 25 February 2014.

The fair market values of an Ordinary Share and of an ADS of GlaxoSmithKline plc at the point of vesting on 24 February 2014 were £16.83 and US$55.75 respectively.

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

Sonja Arsenić

Corporate Secretariat

25 February 2014

 

END

 

 

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