Director/PDMR Shareholding

RNS Number : 6097C

Unilever PLC

18 March 2014

 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Unilever PLC was notified on 17 March 2014 that on 14 March 2014 the following awards under the Unilever Global Share Incentive Plan 2007 (GSIP), the Unilever Management Co Investment Plan (MCIP) and the Unilever Share Matching scheme vested based on the London Stock Exchange closing price of £23.69 on 14 March 2014.

Unilever Global Share Incentive Plan 2007 (GSIP) 

The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded in March 2011 with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007:

Mr D Blanchard (PDMR) received 8,362 Unilever PLC Ordinary shares of 3 1/9p each after 5,576 were withheld to meet tax liabilities.

Mr K Havelock (PDMR) received 9,754 Unilever PLC Ordinary shares of 3 1/9p each after 6,503 were withheld to meet tax liabilities.

Mr J-M Huët (Director) received 24,997 Unilever PLC Ordinary shares of 3 1/9p each after 22,168 were withheld to meet tax liabilities.

Mr K Kruythoff (PDMR) received 5,574 Unilever PLC Ordinary shares of 3 1/9p each after 3,717 were withheld to meet tax liabilities.

Mr D Lewis (PDMR) received 9,809 Unilever PLC Ordinary shares of 3 1/9p each after 8,700 were withheld to meet tax liabilities.

Mr N Paranjpe (PDMR) received 2,897 Unilever PLC Ordinary shares of 3 1/9p each after 1,933 were withheld to meet tax liabilities.

Mr A de Saint-Affrique (PDMR) received 8,362 Unilever PLC Ordinary shares of 3 1/9p each after 5,576 were withheld to meet tax liabilities.

Mr J Zijderveld (PDMR) received 8,792 Unilever PLC Ordinary shares of 3 1/9p each after 5,862 were withheld to meet tax liabilities.

This is the first vesting where 'share choice' was offered. Share choice allows ULE members to choose, just before vesting, whether they want to receive net shares in the share types originally granted (Unilever N.V. (NV) and Unilever PLC (PLC)) or one share type only (NV or PLC).

Mr K F Weed (PDMR)elected to receive only PLC shares. To calculate the effect of 'share choice' on vesting, the total value for each award (both NV and PLC share types) is calculated using the performance factor (128%) and the closing share price on vesting, including dividend reinvestment accrued. The value of the share type not chosen (for Mr Weed: NV shares) is converted into the currency of the chosen share type (for Mr Weed: PLC shares), divided by the closing share price on vesting and this number of PLC shares is added to the original number of PLC shares that vested. His original award of 12,819 NV shares is cancelled and reduced to nil.

Mr K F Weed (PDMR) received 19,284 Unilever PLC Ordinary shares of 3 1/9p each after 17,102 were withheld to meet tax liabilities.

The following Director and 4 PDMRs elected to receive only NV shares. To calculate the effect of 'share choice' on vesting, the total value for each award (both NV and PLC share types) is calculated using the performance factor (128%) and the closing share price on vesting, including dividend reinvestment accrued. The value of the share type not chosen (PLC shares) is converted into the currency of the chosen share type (NV shares), divided by the closing share price on vesting and this number of NV shares is added to the original number of NV shares that vested.

Mr D Baillie's (PDMR) original award of 18,005 PLC shares is cancelled and reduced to nil.

Professor G Berger's (PDMR) original award of 15,113 PLC shares is cancelled and reduced to nil.

Mr H Manwani's (PDMR) original award of 15,518 PLC shares is cancelled and reduced to nil.

Mr P Polman (Director) original award of 47,173 PLC shares is cancelled and reduced to nil.

Mr P L Sigismondi's (PDMR) original award of 15,518 PLC shares is cancelled and reduced to nil.

Unilever Management Co Investment Plan (MCIP)

The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded in March 2011 with conditional rights pursuant to the Unilever Global Management Co Investment Plan:

Mr D Blanchard (PDMR) received 3,745 Unilever PLC Ordinary shares of 3 1/9p each after 2,498 were withheld to meet tax liabilities.

Mr K Havelock (PDMR) received 6,164 Unilever PLC Ordinary shares of 3 1/9p each after 4,110 were withheld to meet tax liabilities.

Mr K Kruythoff (PDMR) received 2,822 Unilever PLC Ordinary shares of 3 1/9p each after 1,883 were withheld to meet tax liabilities.

Mr D Lewis (PDMR) received 4,735 Unilever PLC Ordinary shares of 3 1/9p each after 4,200 were withheld to meet tax liabilities.

Mr A de Saint-Affrique (PDMR) received 5,839 Unilever PLC Ordinary shares of 3 1/9p each after 3,893 were withheld to meet tax liabilities.

Mr J Zijderveld (PDMR) received 7,056 Unilever PLC Ordinary shares of 3 1/9p each after 4,704 were withheld to meet tax liabilities.

This is the first vesting where 'share choice' was offered. Share choice allows ULE members to choose, just before vesting, whether they want to receive net shares in the share types originally granted (NV and PLC) or one share type only (NV or PLC).

Mr K F Weed (PDMR)elected to receive only PLC shares. To calculate the effect of 'share choice' on vesting, the total value for each award (both NV and PLC share types) is calculated using the performance factor (128%) and the closing share price on vesting, including dividend reinvestment accrued. The value of the share type not chosen (for Mr Weed: NV shares) is converted into the currency of the chosen share type (for Mr Weed: PLC shares), divided by the closing share price on vesting and this number of PLC shares is added to the original number of PLC shares that vested. His original award of 7,169 NV shares is cancelled and reduced to nil.

Mr K F Weed (PDMR) received 10,782 Unilever PLC Ordinary shares of 3 1/9p each after 9,563 were withheld to meet tax liabilities.

The following 4 PDMRs elected to receive only NV shares. To calculate the effect of 'share choice' on vesting, the total value for each award (both NV and PLC share types) is calculated using the performance factor (128%) and the closing share price on vesting, including dividend reinvestment accrued. The value of the share type not chosen (PLC shares) is converted into the currency of the chosen share type (NV shares), divided by the closing share price on vesting and this number of NV shares is added to the original number of NV shares that vested.

Mr D Baillie's (PDMR) original award of 8,489 PLC shares is cancelled and reduced to nil.

Professor G Berger's (PDMR) original award of 5,128 PLC shares is cancelled and reduced to nil.

Mr H Manwani's (PDMR) original award of 10,120 PLC shares is cancelled and reduced to nil.

Mr P L Sigismondi's (PDMR) original award of 5,182 PLC shares is cancelled and reduced to nil.

Unilever Share Matching Scheme 

The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded in March 2011 with conditional rights pursuant to the Unilever Share Matching Scheme:

Mr J-M Huët (Director) received 2,674 Unilever PLC Ordinary shares of 3 1/9p each after 2,373 were withheld to meet tax liabilities.

Mr P Polman (Director) received 9,932 Unilever PLC Ordinary shares of 3 1/9p each.

The above transactions were carried out in the UK.

This announcement is made following notifications under Disclosure and Transparency rule 3.1.4(R)(1)(a).

Name of contact and telephone number for queries:

SAMANTHA HOOD - [phone]

Name of authorised official of issuer responsible for making notification:

TONIA LOVELL - COMPANY SECRETARY

18 March 2014

 

END

 

 

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