GlaxoSmithKline PLC Director/PDMR Shareholding (8366G)

TIDMGSK

RNS Number : 8366G

GlaxoSmithKline PLC

06 March 2015

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Vesting of Conditional Share Awards under the

GlaxoSmithKline Performance Share Plan

This notification sets out the vesting of an award over American Depositary Shares ('ADS') in GlaxoSmithKline plc, made in 2012 to a Director's Connected Person under the GlaxoSmithKline 2009 Performance Share Plan. The award was subject to relevant business performance conditions.

The three year performance period for the award commenced on 1 January 2012 and ended on 31 December 2014.

The table below shows the proportion of this Performance Share Plan conditional award that vested and lapsed on 5 March 2015.

 
 Name of        Name of         Number of      Number of 
  Director       Connected       ADS Awarded    ADS lapsed 
                 Person 
-------------  --------------  -------------  ------------ 
 Dr M Slaoui    Mrs K Slaoui        743           1174 
-------------  --------------  -------------  ------------ 
 

The Company and the above individual were advised of this transaction on 6 March 2015.

The fair market value of an ADS of GlaxoSmithKline plc at the point of vesting on 5 March 2015 was US$47.82.

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

V A Whyte

Company Secretary

6 March 2015

This information is provided by RNS

The company news service from the London Stock Exchange

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