Director/PDMR Shareholding

RNS Number : 5974W

Smith & Nephew Plc

22 November 2010

 



Smith & Nephew Plc (the "Company")

Employee Share Plans - Announcement of transaction in ordinary shares of US$0.20 each and American Depository Shares (ADSs) representing five ordinary shares of US$0.20 each.

The Company announces that on 19 November 2010 conditional awards were made under the Company's Global Share Plan 2010 (the "Plan") to G Kelvin Johnson, a person discharging managerial responsibility ("PDMR"), as detailed in the tables below. No consideration is payable for the awards.

1.         OPTION

Name	PDMR	Type of award	Number of Ordinary shares subject to award	Option Price	Total Number of Shares over which Options held following Notification
G Kelvin Johnson	PDMR	Option	5,740	592p	142,823 ordinary shares

Notes:

The Option vests in equal annual tranches over three years following the award date and will be exercisable from vesting until close of business on 18 November 2020.

2.         PERFORMANCE SHARE AWARD

Name	PDMR	Number of shares subject to award	Total Number of Shares over which awards held under the PSP following Notification
G Kelvin Johnson	PDMR	13,895	63,661 ordinary shares

Notes:

There are performance conditions attached to the release of performance shares under the Plan.  These awards will vest on 19 November 2013, subject to the achievement of the performance conditions which are measured from 1 January 2010 to 31 December 2012.

3.         RESTRICTED STOCK AWARD

Name	PDMR	Number of shares subject to award	Total Number of Shares over which restricted stock awards held following Notification
G Kelvin Johnson	PDMR	10,626	10,626 ordinary shares

Notes:

There are no performance conditions attached to the release of restricted shares under the Plan which will vest on 19 November 2011.

1)         The transaction took place in London, UK.

2)         This announcement is made in accordance with Disclosure & Transparency Rule 3.1.2.

Contact:

Gemma Parsons
Deputy Company Secretary

Telephone: [phone]

 

END

 

 

RDSLLFVVLTLFFII