13th Mar 2013 17:51
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND/OR CONNECTED PERSONS
This notification relates to a transaction notified in accordance with DTR 3.1.2 R and 3.1.4 R (1)(a)
1 | Name of the issuer |
HSBC Holdings plc | |
2 | Name of the person discharging managerial responsibilities or, where applicable, the name of the person connected with a person discharging managerial responsibilities |
S P O'Sullivan, a person discharging managerial responsibilities | |
3 | Description of shares (including class), debentures, derivatives or any other financial instruments relating to shares |
US$0.50 ordinary shares | |
4 | State the nature of the transactions |
(i) Acquisition of an interest in 92,390 shares arising from a conditional award of shares under the Group Performance Share Plan being the long-term incentive plan of the HSBC Share Plan 2011. (ii) Acquisition of an interest in 46,230 shares arising from a deferred award of Restricted Shares under the HSBC Share Plan 2011. (iii) Acquisition of an interest in 30,820 shares arising from a non-deferred award of Restricted Shares under the HSBC Share Plan 2011. The Trustees of the Plan sold 15,411 shares to meet the tax liability arising on the immediate vesting of this award. The interest in the balance of 15,409 shares has been transferred to S P O'Sullivan as beneficial owner and must be retained for six months. (iv) Release by the Trustees of 23,928 ordinary shares upon the partial vesting of Restricted Shares awarded previously to S P O'Sullivan. The Trustees of the Plan sold 11,964 shares to meet the tax liability. 11,964 shares have been transferred to S P O'Sullivan as beneficial owner and must be retained for six months. | |
5 | Number of shares, derivatives or any other financial instruments relating to shares acquired |
(i) 92,390 (ii) 46,230 (iii) 30,820 | |
6 | Number of shares, derivatives or any other financial instruments relating to shares disposed |
(iii) 15,411 (iv) 11,964 |
7 | Price per share or value of transaction |
(i)and (ii) N/A (iii) £7.3220 (iv) £7.3294 | |
8 | Date and place of transactions |
(i), (ii) and (iii) 11 March 2013, London (iv) 12 March 2013, London | |
9 | Date issuer informed of transactions |
13 March 2013 | |
10 | Name of duly authorised officer/official of issuer responsible for making notification |
Steve Owen, Assistant Secretary, 020 7991 3879 | |
11 | Date of notification |
13 March 2013 |
Related Shares:
HSBC Holdings