Director/PDMR Shareholding

RNS Number : 6680Q

GlaxoSmithKline PLC

01 March 2016

 

GlaxoSmithKline plc

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

GlaxoSmithKline Share Value Plan

Withholding 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 American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADSs at a fair market value of $39.14 per ADS (the closing price on 26 February 2016 which was the business day prior to vesting) to meet tax liabilities following the vesting of the award granted in 2013 under the GlaxoSmithKline 2009 Share Value Plan (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*	Dr K Slaoui	1,256

*Denotes an Executive Director

The Company and the above individual were advised of this transaction on 29 February 2016.      

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

V A Whyte

Company Secretary

1 March 2016

 

END

 

 

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