17th Feb 2014 16:10
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
Related Shares:
Glaxosmithkline