Director/PDMR Shareholding

RNS Number : 8915A

GlaxoSmithKline PLC

25 February 2014

 



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

Vesting of conditional share awards under the

GlaxoSmithKline Share Value Plan

This notification sets out the vesting of awards over Ordinary Shares and American Depositary Shares (ADS) in GlaxoSmithKline plc, 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 awards made to the connected persons Persons Discharging Managerial Responsibility (PDMR) vested on 24 February 2014 and details are given in the table below.

Name of Director / PDMR	Name of Connected person	Number of Ordinary Shares vested	Number of ADS  vested
Mr P Thomson	Mrs K Thomson	2,210
Dr M Slaoui*	Mrs K Slaoui		2,450

* Denotes an Executive Director

The Company and the above individuals 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)(c).

Sonja Arsenić

Corporate Secretariat

25 February 2014

 

END

 

 

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