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Director/PDMR Shareholding

6th Mar 2014 10:57

RNS Number : 6881B
GlaxoSmithKline PLC
06 March 2014
 



Notification of Transactions of Directors and Persons Discharging Managerial Responsibility

 

GlaxoSmithKline Deferred Annual Bonus Plan

Withholding of shares to meet tax liabilities

 

 

The table below sets out changes in the interests of PDMRs in the American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADSs at a fair market value of $55.80 per ADS to meet tax liabilities following the vesting of the post-tax awards granted under the GlaxoSmithKline 2009 Deferred Annual Bonus Plan (DABP). Vesting of these awards was announced on 14 February 2014 following the date the Remuneration Committee determined the level of vesting. These post-tax awards formally vested on the third anniversary of the award date which was 4 March 2014.

 

Number of ADSs withheld to meet tax liabilities following the vesting of a DABP award

Ms D Connelly

123

Mr W Louv

308

 

The Company and the PDMRs were advised of these transactions on 5 March 2014.

 

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

 

V A Whyte

Company Secretary

 

6 March 2014

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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