Replacement Director/PDMR Shareholding

RNS Number : 4043B
Smith & Nephew Plc
17 February 2011
 



The following Announcement replaces the Directors/PDMR announcement released at 1228hrs on 16 February 2011 under RNS No. 3423B.

 

An incorrect announcement was released and should be disregarded.

 

The full correct release appears below.

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL REPONSIBILITY AND CONNECTED PERSONS

 

SMITH & NEPHEW PLC

 

17 February 2011

 

Smith & Nephew plc announces that it was informed on 14 February 2011 of changes to the share interests of directors or persons discharging managerial responsibilities ("PDMRs") under various Company share plans, detailed below, following completion of the related performance periods.

 

 

Smith & Nephew 2004 Performance Share Plan

 

Name of Director / PDMR

Number of ordinary shares / ADSs under award made on 15/08/2008

Number of ordinary shares / ADSs lapsing following completion of the performance period

Number of ordinary shares / ADSs due to vest on 15/08/2011

David Illingworth

168,810 ordinary shares

123,232 ordinary shares

45,578 ordinary shares

Adrian Hennah

120,578 ordinary shares

88,022 ordinary shares

32,556 ordinary shares

Mark Augusti

5,711 ADSs

4,170 ADSs

1,541 ADSs

John Campo

5,841 ADSs

4,264 ADSs

1,577 ADSs

Joseph DeVivo

6,165 ADSs

4,501 ADSs

1,664 ADSs

Michael Frazzette

5,841 ADSs

4,624 ADSs

1,577 ADSs

R Gordon Howe

4,802 ADSs

3,506 ADSs

1,296 ADSs

G Kelvin Johnson

11,574 ordinary shares

8,450 ordinary shares

3,124 ordinary shares

Roger Teasdale

11,495 ordinary shares

8,392 ordinary shares

3,103 ordinary shares

 

Notes

 

a)         73% of the awards made on 15 August 2008 have lapsed following completion of the performance measurement period.  The remaining 27% will vest and, subject to continued employment, will be settled on 15 August 2011 being the third anniversary of the awards.

 

b)         One ADS is equivalent to five ordinary shares of US$0.20 each.

 

 

Smith & Nephew share option plans

 

Name of Director / PDMR

Option plan

Number of ordinary shares under option granted on 15/08/2008

Number of ordinary shares under option lapsing

Number of ordinary shares under option vesting on 15/08/2011

David Illingworth

2004 Executive Share Option Plan

 

2001 UK Approved Share Option Plan

107,740

 

 

4,800

 

82,155

 

 

0

25,585

 

 

4,800

Adrian Hennah

 

2004 Executive Share Option Plan

80,385

58,682

21,703

G Kelvin Johnson

2001 UK Unapproved Share Option Plan

23,149

0

23,149

Roger Teasdale

2001 UK Unapproved Share Option Plan

 

2001 UK Approved Share Option Plan

19,990

 

 

3,000

0

 

 

0

19,990

 

 

3,000

 

Notes

 

a)         73% of the options granted under the 2004 Executive Share Option Plan on 15 August 2008 have lapsed following completion of the performance period.  The remaining 27% of the option shall vest and become capable of exercise on 15 August 2011 being the third anniversary of their grant.

 

b)         100% of options granted under the 2001 UK Approved Share Option Plan and the 2001 Unapproved Share Option Plan will vest and become capable of being exercised on 15 August 2011 being the third anniversary of their grant.

 

c)         The exercise price of the options is 622p per share.

 

 

Smith & Nephew 2004 Co-Investment Plan

 

Name of Director / PDMR

Number of ordinary shares / ADSs under award made on 17/03/2008

Number of ordinary shares / ADSs lapsing following completion of the performance period

Adrian Hennah

 

15,628 ordinary shares

15,628 ordinary shares

Mark Augusti

 

626 ADSs

626 ADSs

R Gordon Howe

 

469 ADSs

469 ADSs

 

Notes

 

a)         100% of the matching awards granted under the Co-Investment Plan on 17 March 2008 have lapsed following completion of the performance period.

 

b)         The shares purchased by participants under the Co-Investment Plan will be transferred to them on 17 March 2011, being the third anniversary of the award.

 

c)         One ADS is equivalent to five ordinary shares of US$0.20 each.

 

 

 

 

This announcement is made in accordance with the requirements of DTR 3.1.4 R(1)(a).

 

 

Gemma Parsons

Deputy Company Secretary

Smith & Nephew plc

Tel: 020 7401 7646

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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