Director/PDMR Shareholding

RNS Number : 0327B

GlaxoSmithKline PLC

26 February 2014

 



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

GlaxoSmithKline Share Value Plan

Sale of shares to meet tax liabilities

The table below sets out changes in the interests of a connected person of a Person Discharging Managerial Responsibility (PDMR) in the Ordinary Shares of GlaxoSmithKline plc arising from the sales of Ordinary Shares at a fair market value price of £16.73 per Ordinary Share on 24 February 2014.  This sale was to meet tax liabilities following the vesting of awards granted in 2011 under the GlaxoSmithKline 2009 Share Value Plan (SVP).

Name of PDMR	Name of Connected Person	Number of Ordinary Shares sold to meet tax liabilities following the vesting of a SVP award
Mr P Thomson	Mrs K Thomson	1,039

The table below sets out changes in the interests of a connected person of a PDMR in the American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADS at a fair market value price of $55.69 per ADS on 24 February 2014 to meet tax liabilities following the vesting of awards granted in 2011 under the SVP.

Name of PDMR	Name of Connected Person	Number of ADSs withheld to meet tax liabilities following the vesting of a SVP award
Dr M Slaoui*	Mrs K Slaoui	876

*Denotes an Executive Director

The Company and the above individuals were advised of these transactions on 25 February 2014.      

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

Sonja Arsenić

Corporate Secretariat

26 February 2014

 

END

 

 

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