1st Mar 2016 14:41
GlaxoSmithKline plc
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility or Connected Persons
GlaxoSmithKline Share Value Plan
Withholding of shares to meet tax liabilities
The table below sets out changes in the interests of a connected person of a Person Discharging Managerial Responsibility (PDMR) in the American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADSs at a fair market value of $39.14 per ADS (the closing price on 26 February 2016 which was the business day prior to vesting) to meet tax liabilities following the vesting of the award granted in 2013 under the GlaxoSmithKline 2009 Share Value Plan (SVP).
Name of PDMR | Name of Connected Person | Number of ADSs withheld to meet tax liabilities following the vesting of a SVP award |
Dr M Slaoui* | Dr K Slaoui | 1,256 |
*Denotes an Executive Director
The Company and the above individual were advised of this transaction on 29 February 2016.
This notification relates to a transaction notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(c).
V A Whyte
Company Secretary
1 March 2016
Related Shares:
Glaxosmithkline