Director/PDMR Shareholding

RNS Number : 9885V

Legal & General Group Plc

22 April 2016

 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons

The Legal & General Group 2010 Share Bonus Plan (SBP) and The Legal & General Group Plc Performance Share Plan 2014 (PSP)

On 21 April 2016 Legal & General Group Plc (the Company) received notification that on that day the Directors and PDMRs named below were awarded restricted shares at a price of 243.10p per ordinary share under the terms of the SBP. The restricted period in respect of the SBP awards will end on 21 April 2019.

On 21 April 2016 the Company also received notification that on that day the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the PSP at an award price of 242.24p.

The performance period in respect of the PSP award will end on 31 December 2018. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2018 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. Options must be exercised by the seventh anniversary of the date of grant.

Name	Director/ PDMR	Number of SBP Shares Awarded	Number of PSP Shares Awarded
Mark Gregory	Director	148,835	-
Mark Zinkula	Director	188,611	629,540
Nigel Wilson	Director	228,841	914,382
Paul Stanworth	PDMR	58,374	211,773
Gene Gilbertson	PDMR	41,209	184,995
Kerrigan Procter	PDMR	98,357	309,610

On 20 April 2016 the Company received notification that restricted shares awarded on 17 April 2013 had vested on 17 April 2016 and been released under the terms of the SBP, in respect of the Directors and PDMRs named below.

Name	Director/ PDMR	Number of shares awarded on 17 April 2013	Number of shares vested on 17 April 2016	Shares sold to cover tax and social security at a share price of 239.10p	Shares retained by  individual
Nigel Wilson	Director	165,069	165,069	77,583	87,486
Mark Gregory	Director	104,947	104,947	49,326	55,621
Mark Zinkula	Director	103,715	103,715	49,110	54,605
Paul Stanworth	PDMR	80,798	80,798	37,976	42,822
Gene Gilbertson	PDMR	28,619	28,619	28,619	0

This disclosure relates to transactions notified in accordance with DTR 3.1.4R (1) (a).

These transactions took place in London.

Name of person making notification:	Jenny McCarthy
Contact number:	020 3124 2149
Date of notification:	22 April 2016

 

END

 

 

DSHQFLFLQZFZBBQ