Director/PDMR Shareholding

RNS Number : 4880F

Unilever PLC

20 February 2015

 



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

Unilever PLC was notified on 19 February 2015 that on 17 February 2015 the following awards under the Unilever Global Share Incentive Plan 2007 (GSIP) and the Unilever Management Co-Investment Plan (MCIP) vested based on the London Stock Exchange closing price of £28.01 on 17 February 2015.

Unilever Global Share Incentive Plan 2007 (GSIP) 

The following number of Unilever PLC Ordinary shares of 3 1/9p each were awarded in February 2012 with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007:

Mr D Blanchard (PDMR) received 7,267 Unilever PLC Ordinary shares of 3 1/9p each after 4,845 were withheld to meet tax liabilities.

Mr K Havelock (PDMR) received 10,355 Unilever PLC Ordinary shares of 3 1/9p each after 9,184 were withheld to meet tax liabilities.

Mr J-M Huët (Director) received 21,462 Unilever PLC Ordinary shares of 3 1/9p each after 19,034 were withheld to meet tax liabilities.

Mr N Paranjpe (PDMR) received 3,778 Unilever PLC Ordinary shares of 3 1/9p each after 2,520 were withheld to meet tax liabilities.

Share choice was offered which 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 (121%) 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 11,502 NV shares is cancelled and reduced to nil.

Mr K F Weed (PDMR) received 16,298 Unilever PLC Ordinary shares of 3 1/9p each after 14,453 were withheld to meet tax liabilities.

The following Director and 5 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 (121%) 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 (PDMR) original award of 16,102 PLC shares is cancelled and reduced to nil.

Mr K Kruythoff (PDMR) original award of 11,502 PLC shares is cancelled and reduced to nil.

Mr P Polman (Director) original award of 38,676 PLC shares is cancelled and reduced to nil.

Mr P L Sigismondi's (PDMR) original award of 14,377 PLC shares is cancelled and reduced to nil.

Mr A de Saint-Affrique (PDMR) original award of 11,502 PLC shares is cancelled and reduced to nil.

Mr J Zijderveld (PDMR) original award of 11,502 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 February 2012 with conditional rights pursuant to the Unilever Global Management Co-Investment Plan:

Mr D Blanchard (PDMR) received 3,217 Unilever PLC Ordinary shares of 3 1/9p each after 2,146 were withheld to meet tax liabilities.

Mr K Havelock (PDMR) received 2,732 Unilever PLC shares of 3 1/9p each after 2,424 were withheld to meet tax liabilities.

Mr J-M Huët (Director) received 2,628 Unilever PLC Ordinary shares of 3 1/9p each after 2,332 were withheld to meet tax liabilities.

Share choice was offered which 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 (121%) 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 5,608 NV shares is cancelled and reduced to nil.

Mr K F Weed (PDMR) received 7,946 Unilever PLC Ordinary shares of 3 1/9p each after 7,048 were withheld to meet tax liabilities.

The following Director and 5 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 (121%) 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 (PDMR) original award of 4,499 PLC shares is cancelled and reduced to nil.

Mr K Kruythoff (PDMR) original award of 1,123 PLC shares is cancelled and reduced to nil.

Mr P Polman (Director) original award of 17,772 PLC shares is cancelled and reduced to nil.

Mr P L Sigismondi's (PDMR) original award of 6,882 PLC shares is cancelled and reduced to nil.

Mr A de Saint-Affrique (PDMR) original award of 2,611PLC shares is cancelled and reduced to nil.

Mr J Zijderveld (PDMR) original award of 4,655 PLC shares is cancelled and reduced to nil.

The above transactions were carried out in the UK.

Unilever PLC was notified on 19 February 2015 that on 17 February 2015 the following shares were received following the vest of awards under the Unilever North America 2002 Omnibus Equity Compensation Plan based on the New York Stock Exchange closing price of $43.03 on 17 February 2015.

Unilever North America 2002 Omnibus Equity Compensation Plan 

The following number of Unilever PLC American Depositary Receipts (PLC ADRs) each representing 1 Ordinary 3 1/9 pence share were awarded in February 2012 with conditional rights pursuant to the Unilever North America 2002 Omnibus Equity Compensation Plan:

Mr A Jope (PDMR) received 11,167 Unilever PLC American Depositary Receipts (PLC ADRs) each representing 1 Ordinary 3 1/9 pence share with conditional rights pursuant to the Unilever Global Share Incentive Plan 2007 after 8,071 were withheld to meet tax liabilities.

Mr A Jope (PDMR) received 3,048 Unilever PLC American Depositary Receipts (PLC ADRs) each representing 1 Ordinary 3 1/9 pence share with conditional rights pursuant to the Unilever Global Management Co-Investment Plan after 2,203 were withheld to meet tax liabilities.

The above transactions were carried out in the USA.

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:

REBECCA RIGBY - [phone]

Name of authorised official of issuer responsible for making notification:

TONIA LOVELL - COMPANY SECRETARY

20 February 2015

 

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