Director/PDMR Shareholding
Taylor Woodrow PLC
03 April 2007
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer
Taylor Woodrow plc
2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) A transaction notified in accordance with DR 3.1.4R(1)(a)
3. Name of person discharging managerial responsibilities/director
Director:
P. T. Johnson
Persons Discharging Managerial Responsibilities:
W. J. Holland-Kaye
J. Landrum
A. Luhaste
R. I. Morbey
I. Morris
T. Peach
N. C. Smith
A. Wilby
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
The person named above in each case
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
Holding of the person named above in each case
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
25p ordinary shares of Taylor Woodrow plc
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
Name Shares held in own name Shares held in other name
P. T. Johnson 93,157 1,250 (HSDL Nominees Ltd)
A. Luhaste 33,521 2,960 (HSDL Nominees Ltd)
R. I. Morbey 75,516 82,948 (Mrs. G. Morbey)
I. Morris 23,525 2,652 (HSDL Nominees Ltd)
T. Peach 6,177 1,644 (HSDL Nominees Ltd)
W. J. Holland-Kaye 67,918 1,250 (HSDL Nominees Ltd)
N. C. Smith 113,730 3,803 (HSDL Nominees Ltd)
A. Wilby 90,509 902 (HSDL Nominees Ltd)
J. Landrum 0 0
8 State the nature of the transaction
Conditional award of shares, deliverable in three years' time, subject to the
achievement of defined eps and relative TSR performance criteria, under the
Taylor Woodrow Performance Share Plan.
9. Number of shares, debentures or financial instruments relating to shares
acquired
N/A
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
N/A
11. Number of shares, debentures or financial instruments relating to shares
disposed
N/A
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
N/A
14. Date and place of transaction
2 April 2007
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
Name Total shares now held %
P. T. Johnson 94,407 0.016
A. Luhaste 36,481 0.006
R. I. Morbey 158,464 0.027
I. Morris 26,177 0.0045
T. Peach 7,821 0.001
W. J. Holland-Kaye 69,168 0.012
N. C. Smith 117,533 0.02
A. Wilby 91,411 0.016
J. Landrum 0 0
Percentage interests are calculated on 581,917,049 shares in issue net of
12,233,047 shares
held in Treasury.
16. Date issuer informed of transaction
2 April 2007
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17 Date of grant
2 April 2007
18. Period during which or date on which it can be exercised
If the performance condition is met, the Taylor Woodrow 2004 Employee Benefit
Trust
will announce on 2 April 2010 whether, and to what extent, the share awards
vest.
The performance condition is a combination of eps growth and total shareholder
return ('TSR').
The eps condition is that for 50% of the eps-related awards to vest, Group
earnings
per share for the three financial years prior to the vesting date shall not be
less than
real 3% p.a. compound.
For 100% (the maximum) of the eps-related awards to vest, Group eps for the same
period shall not be less than real 6% p.a. compound.
The TSR condition compares the TSR of Taylor Woodrow to that of a defined
group of UK housebuilders over three years, and further, requires real EPS
growth
of 3% p.a.
19. Total amount paid (if any) for grant of the option
NIL
20. Description of shares or debentures involved (class and number)
25p ordinary shares Conditional award related to eps Conditional award related to the
performance criterion additional TSR performance
criteria
P. T. Johnson 62,206 20,735
A. Luhaste 20,224 5,056
R. I. Morbey 24,514 6,128
I. Morris 17,650 4,412
T. Peach 25,127 8,375
W. J. Holland-Kaye 29,417 9,805
N. C. Smith 37,997 12,665
A. Wilby 34,565 11,521
J. Landrum 35,803 23,869
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise
NIL
22. Total number of shares or debentures over which options held following
notification
Sharesave Executive Plan Executive Bonus Plan Performance Share
Plan
P. T. Johnson 8,037 0 62,494 392,662
A. Luhaste 3,582 2,353 30,335 120,665
R. I. Morbey 3,389 0 41,384 147,168
I. Morris 0 0 23,525 107,017
T. Peach 5,471 0 3,464 140,878
W. J. Holland-Kaye 4,177 50,602 63,028 98,409
N. C. Smith 7,388 0 73,891 202,926
A. Wilby 4,177 0 58,671 215,696
J. Landrum 0 0 0 59,672
Totals
P. T. Johnson 463,193
A. Luhaste 156,935
R. I. Morbey 191,941
I. Morris 130,542
T. Peach 149,813
W. J. Holland-Kaye 216,216
N. C. Smith 284,295
A. Wilby 278,544
J. Landrum 59,672
23. Any additional information
None
24. Name of contact and telephone number for queries
M. A. Lonnon
0121 600 8542
Name and signature of duly authorised officer of issuer responsible for making
notification
R. I. Morbey
Secretary, Taylor Woodrow plc
Date of notification
3 April 2007
End
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