Director/PDMR Shareholding

RNS Number : 6696Q

GlaxoSmithKline PLC

01 March 2016

 

GlaxoSmithKline plc

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 an Executive Director and 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 pre-tax awards granted in 2013 under the GlaxoSmithKline 2009 Deferred Annual Bonus Plan (DABP). The awards vested on the third anniversary of the award date which was 28 February 2016. 

	Number of ADSs withheld to meet tax liabilities following the vesting of a DABP award
Dr M Slaoui*	13,804
Mr D Troy	5,108

* Denotes an Executive Director

The Company, the Executive Director and PDMR were advised of these transactions on 29 February 2016.

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

V A Whyte

Company Secretary

1 March 2016

 

END

 

 

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