UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
month of
August
2019
PEARSON plc
(Exact
name of registrant as specified in its charter)
N/A
(Translation
of registrant's name into English)
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address
of principal executive office)
Indicate
by check mark whether the Registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F
X
Form 40-F
Indicate
by check mark whether the Registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934
Yes
No X
Pearson plc - (the "Company")
Notification of PDMR Interests
Long-Term Incentive Plan ("LTIP") - 2019 Release
In 2001, the Company established the Pearson Long-Term Incentive
Plan (the "LTIP"
).
Its purpose is to link management's
long-term reward with Pearson's financial performance and returns
to shareholders.
The following table sets out the number of shares released to
Persons Discharging Managerial Responsibility (PDMR) on 6 August
2019 and notified to the Company on 7 August 2019. The LTIP rules
require that sufficient shares are sold to discharge the tax
liability arising on the shares released. The shares set out
in the fourth column below were sold on 6 August 2019 at the price
shown, with the number of American Depositary Receipts (ADRs) set
out in the sixth column below being allotted to and retained by the
PDMR towards meeting their shareholding guideline.
Name
of PDMR
|
Title
|
Shares Released
|
Shares sold to discharge tax liabilities
|
Sale price per share (£)
|
Shares / ADRs Retained
|
Bjarne
Tellmann
|
General
Counsel and Chief Legal Officer
|
93,247
|
45,663
|
8.390063
|
47,584 ADRs
|
The following notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1
|
Details
of the person discharging managerial responsibilities/person
closely associated
|
a)
|
Name
|
Bjarne
Tellmann
|
2
|
Reason for the notification
|
a)
|
Position/status
|
General
Counsel and Chief Legal Officer
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Pearson
plc
|
b)
|
LEI
|
2138004JBXWWJKIURC57
|
4
|
Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been
conducted
|
a)
|
Description
of the financial instrument, type of instrument
Identification
code
|
Ordinary
shares of 25 pence each in Pearson plc
ISIN:
GB0006776081
|
American
Depositary Receipts (ADRs) in Pearson plc
(each
ADR represents one ordinary share of 25 pence in Pearson
plc)
ISIN:
US7050151056
|
b)
|
Nature
of the transaction
|
Allotment
of Ordinary Shares following release of Long-Term incentive Plan
award
|
Sale of
shares to cover tax liabilities
|
Allotment
of remaining shares to ADRs following release of Long-Term
Incentive Plan award
|
c)
|
Price(s)
and volume(s)
|
Volume:
93,247
Price :
n/a
|
Volume:45,663
Price:
£8.390063per share
Aggregated
price:
£383,115.45
|
Volume:
47,584
Price:
n/a
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
Aggregated
volume: see 4 (c) above
Aggregated
price: see 4 (c) above
|
e)
|
Date of
the transaction
|
6
August 2019
|
f)
|
Place
of the transaction
|
London
Stock Exchange (XLON)
|
New
York Stock Exchange (NYSE)
|
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
PEARSON
plc
|
|
|
Date: 08
August 2019
|
|
|
By: /s/
NATALIE WHITE
|
|
|
|
------------------------------------
|
|
Natalie
White
|
|
Deputy
Company Secretary
|