23rd Feb 2010 18:11
Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons
I give below details of a change in the interests of Dr M Slaoui, a Person Discharging Managerial Responsibility, in the American Depositary Shares (ADSs) of GlaxoSmithKline plc (the "Company") following transactions in the shares of a connected person, as follows:-
On 22 February 2010, Dr Slaoui's connected person, who is an employee of the Company, received the following awards:
Award under ADSs
GlaxoSmithKline 2009 Share Option Plan 5,940
GlaxoSmithKline 2009 Share Value Plan 1,490
GlaxoSmithKline 2009 Performance Share Plan 2,620
The award of share options was made with an exercise price of US$37.32 per ADS. The vesting date for all of these awards is 21 February 2013, subject, in the case of the 2009 Performance Share Plan award, to the Remuneration Committee having determined that the performance condition has been satisfied.
The Company and Dr Slaoui's connected person were advised of these transactions on 23 February 2010.
This notification relates to a transaction notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).
S M Bicknell
Company Secretary
23 February 2010
Related Shares:
Glaxosmithkline