gsk201402266k2.htm
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For period ending February 2014
GlaxoSmithKline plc
(Name of registrant)
980 Great West Road, Brentford, Middlesex, TW8 9GS
(Address of principal executive offices)
Indicate by check mark whether the registrant files or
will file annual reports under cover 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
--
Notification of Transactions of Directors and Persons Discharging Managerial Responsibility or Connected Persons
GlaxoSmithKline Share Value Plan
Sale 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 Ordinary Shares of GlaxoSmithKline plc arising from the sales of Ordinary Shares at a fair market value price of £16.73 per Ordinary Share on 24 February 2014. This sale was to meet tax liabilities following the vesting of awards granted in 2011 under the GlaxoSmithKline 2009 Share Value Plan (SVP).
|
Name of PDMR
|
Name of Connected Person
|
Number of Ordinary Shares sold to meet tax liabilities following the vesting of a SVP award
|
|
Mr P Thomson
|
Mrs K Thomson
|
1,039
|
The table below sets out changes in the interests of a connected person of a PDMR in the American Depositary Shares (ADS) of GlaxoSmithKline plc arising from the withholding of ADS at a fair market value price of $55.69 per ADS on 24 February 2014 to meet tax liabilities following the vesting of awards granted in 2011 under the 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*
|
Mrs K Slaoui
|
876
|
*Denotes an Executive Director
The Company and the above individuals were advised of these transactions on 25 February 2014.
This notification relates to transactions notified in accordance with Disclosure and Transparency Rule 3.1.4R(1)(c).
Sonja Arsenić
Corporate Secretariat
26 February 2014
SIGNATURES
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 authorised.
GlaxoSmithKline plc
(Registrant)
Date: February 26, 2014
By: SIMON BICKNELL
------------------
Simon Bicknell
Authorised Signatory for and on
behalf of GlaxoSmithKline plc