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Director/PDMR Shareholding

17th Feb 2014 16:10

RNS Number : 2685A
GlaxoSmithKline PLC
17 February 2014
 



Notification of Transactions of Directors and Persons Discharging Managerial Responsibility

 

GlaxoSmithKline Performance Share Plan

Sale of shares to meet tax liabilities

 

The table below sets out changes in the interests of Persons Discharging Managerial Responsibility (PDMR) in the Ordinary Shares of GlaxoSmithKline plc arising from the sales of Ordinary Shares at a fair market value price of £16.44 per Ordinary Share on 13 February 2014. These sales were to meet tax liabilities following the vesting of awards granted in 2011 under the GlaxoSmithKline Performance Share Plan (PSP).

 

Number of Ordinary Shares sold to meet tax liabilities following the vesting of a PSP award

Mr R Connor

2,003

Mr P Thomson

3,229

Ms E Walmsley

35,866

Mrs V Whyte

3,229

 

The table below sets out changes in the interests of a PDMR in the American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADS at a fair market value price of $54.81 per ADS on 13 February 2014 to meet tax liabilities following the vesting of awards granted under the PSP.

 

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

Mr J Ford

1,556

 

 

The Company and PDMRs were advised of these transactions on 17 February 2014.

 

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

 

Sonja Arsenić

Corporate Secretariat

 

17 February 2014

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