16th Apr 2012 12:34
RSA Insurance Group plc
Transactions in shares by Persons Discharging Managerial Responsibility ("PDMRs")
Ordinary Shares of 27.5p each
16 April 2012
RSA Insurance Group plc (the "Company") received notification on 13 April 2012, of the following transactions in its ordinary shares of 27.5p each ("Ordinary Shares") by PDMRs.
On 6 April 2012, awards granted on 6 April 2009 under the Company's Long Term Incentive Plan ("LTIP") vested in the amounts shown following the assessment of performance and employment conditions to which they were subject. The remaining balance of the LTIP awards granted on 6 April 2009 lapsed. Between 10 and 12 April 2012, the following shares were sold at a price of 1.028521 pence per share:
| Name of PDMR | Number of shares awarded on 6 April 20091 | Number of shares vested on 6 April 20121 | Number of shares lapsed on 6 April 2012 | Number of shares sold 10 to 12 April 20122, 3 | ||||||||||||||
| Simon Lee | 974,382 | 395,849 | 578,533 | 208,529 | ||||||||||||||
| George Culmer | 1,390,309 | 555,746 | 834,563 | 292,761 | ||||||||||||||
| Adrian Brown | 552,271 | 206,705 | 345,566 | 108,892 | ||||||||||||||
| Paul Donaldson | 63,367 | 27,579 | 35,788 | 13,971 | ||||||||||||||
| Vanessa Evans | 235,360 | 94,103 | 141,257 | 49,576 | ||||||||||||||
| Mike Holliday-Williams | 139,218 | 57,321 | 81,897 | 18,940 | ||||||||||||||
| Anne Jaeger | 388,646 | 147,385 | 241,261 | 77,643 | ||||||||||||||
| Tim Mitchell | 675,858 | 269,177 | 406,681 | 141,801 | ||||||||||||||
| Rowan Saunders | 516,473 | 223,499 | 292,974 | 163,013 | ||||||||||||||
| David Weymouth | 630,803 | 248,405 | 382,398 | 263,967 | ||||||||||||||
| Paul Whittaker | 776,879 | 314,145 | 462,734 | 357,662 |
1 Totals exclude Voluntary Deferred shares purchased by the individual PDMR on 3 April 2009.
2 All PDMR's sold sufficient shares to cover their tax liabilities and retained the balance of the shares vested save for David Weymouth and Paul Whittaker who sold the entire number of shares vested plus the Voluntary Deferred shares they acquired on 3 April 2009 and Rowan Saunders who sold all of the vested shares relating to the Compulsory Deferred and Performance share parts of his award.
3 Simon Lee transferred the remaining balance of his vested shares plus his Voluntary Deferred shares relating to the 2009 LTIP grant, totalling 242,950 shares to his spouse, Fiona Lee, on 16 April 2012. Mrs Lee's shares are held through Greenwood Nominees Limited.
This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.4R.
The transactions were carried out in London.
--ENDS--
Enquiries to:
John Mills, Deputy Group Company Secretary
RSA Insurance Group plc
Tel: +44 (0) 20 7111 7000
Copyright Business Wire 2012
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