Director/PDMR Shareholding

RNS Number : 0900Z

GlaxoSmithKline PLC

09 March 2012

 



 Notification of Transactions of Directors and Persons Discharging Managerial Responsibility

This notification sets out information relating to conditional share awards granted in 2009 under the GlaxoSmithKline 2009 Performance Share Plan (the Performance Share Plan), the vesting in part (49%) of which was approved by the Remuneration Committee on 17 February 2012, following a three-year performance period (the Awards). 

Following the reinvestment of the fourth quarter 2011 and supplemental dividends (the Dividends) on the Awards, further shares were released on 8 March 2012 in proportion to the vesting of the Awards. The Administrators of the Plan notified the Company and the under-mentioned persons of the sale of Ordinary Shares at a price of £14.20 per Ordinary Share and withholding of American Depositary Shares (ADS) at a price of $44.55 per ADS on 8 March 2012 to meet tax liabilities:

	Number of Ordinary Shares sold to meet tax liabilities
Sir Andrew Witty*	2486
Mr S M Bicknell	113
Mr J M Clarke	407
Mr M Dunoyer	131
Mr E J Gray	265
Mr A Hussain	118
Mr D S Redfern	154
Ms C Thomas	210

* Denotes an Executive Director

	Number of ADS withheld to meet tax liabilities
Dr M M Slaoui*	281
Ms D Connelly	265
Mr W C Louv	84
Dr D Pulman	129
Mr D Troy	215

* Denotes an Executive Director

The Company, Directors and Persons Discharging Managerial Responsibility were advised of these transactions on 9 March 2012.

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

V A Whyte

Company Secretary

9 March 2012

 

END

 

 

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