18th Feb 2009 17:37
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 17 February 2009, Dr Slaoui's connected person, who is an employee of the Company, received the following awards:
Award under ADSs
GlaxoSmithKline Share Option Plan 5,940
GlaxoSmithKline Share Value Plan 1,490
GlaxoSmithKline Performance Share Plan 2,620
The award of share options was made with an exercise price of US$33.42 per ADS. The vesting date for all of these awards is 17 February 2012, subject, in the case of the 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 18 February 2009.
This notification relates to a transaction notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(a).
S M Bicknell
Company Secretary
18 February 2009
Related Shares:
Glaxosmithkline