TIDMPSON
RNS Number : 5323Y
Pearson PLC
09 May 2019
Pearson plc - (the "Company")
Notification of PDMR Interests
Long-Term Incentive Plan ("LTIP") - 2019 Vesting
On 3 May 2016, the Company made a grant of performance-related
restricted shares to members of the Pearson Executive under the
shareholder approved LTIP which vested on 3 May 2019. Under the
terms of the LTIP, the shares released to participants on 3 May
2019 are based on Pearson's performance over the three-year period
from 2016 to 2018 and the share price on 31 December 2018 and
continued employment throughout the period to the vesting date.
Further, the participants are required to retain the shares
released (after any sales to discharge tax liabilities) for a
two-year holding period following vesting.
The following table sets out the number of shares released to
Persons Discharging Managerial Responsibility (PDMR) on 3 May 2019
and notified to the Company on 7 May 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 3 May 2019 at the price shown in the
fifth column below and with the number set out in the sixth column
below being retained by the PDMR (either as ordinary shares or
ADRs, as indicated in that column).
Name of Director Title Shares Shares sold Sale price Shares /
/ PDMR Released to discharge per share ADRs Retained
tax liabilities (GBP)
President Global
Tim Bozik Product 78,634 32,630 GBP8.137 46,004 ADRs
------------------- ---------- ----------------- ----------- ---------------
President UK
Rod Bristow & Core Markets 78,634 37,088 GBP8.137 41,546 shares
------------------- ---------- ----------------- ----------- ---------------
Chief Executive
John Fallon Officer 132,589 62,536 GBP8.137 70,053 shares
------------------- ---------- ----------------- ----------- ---------------
President Growth
Giovanni Giovannelli Markets 78,634 38,777 GBP8.137 39,857 shares
------------------- ---------- ----------------- ----------- ---------------
Chief Technology
& Operations
Albert Hitchcock Officer 87,371 41,209 GBP8.137 46,162 shares
------------------- ---------- ----------------- ----------- ---------------
President Pearson
Bob Whelan Assessments 78,634 37,365 GBP8.137 41,269 ADRs
------------------- ---------- ----------------- ----------- ---------------
Chief Financial
Coram Williams Officer 76,854 22,367 GBP8.137 54,487 shares
------------------- ---------- ----------------- ----------- ---------------
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 Tim Bozik
--------------------- -----------------------------------------------------------------------
2 Reason for the notification
=== ==============================================================================================
a) Position/status President Global Product
--------------------- -----------------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
=== ===================== =======================================================================
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 Ordinary shares of 25 pence each American Depositary
of the financial in Pearson plc Receipts (ADRs) in
instrument, Pearson plc
type of instrument ISIN: GB0006776081 (each ADR represents
Identification one ordinary share
code of 25 pence in Pearson
plc)
ISIN: US7050151056
--------------------- ------------------------------------------- --------------------------
b) Nature of Allotment of Ordinary Sale of shares Allotment of remaining
the transaction Shares following to cover tax shares to ADRs following
release of Long-Term liabilities release of Long-Term
incentive Plan award Incentive Plan award
=== ===================== ====================== =================== ==========================
c) Price(s) and Volume: 78,634 Volume: 32,630 Volume: 46,004
volume(s) Price : n/a Price: GBP8.137 Price: n/a
per share
Aggregated price:
GBP265,510.31
--------------------- ---------------------- ------------------- --------------------------
d) Aggregated Aggregated volume: see 4 (c) above
information Aggregated price: see 4 (c) above
- Aggregated
volume
- Price
=== ===================== =======================================================================
e) Date of the 3 May 2019
transaction
--------------------- -----------------------------------------------------------------------
f) Place London Stock Exchange (XLON) New York Stock Exchange
of (NYSE)
the
transaction
=== ===================== =========================================== ==========================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Rod Bristow
------------------------- -------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status President UK & Core Markets
------------------------- -------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------------------
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 Ordinary shares of 25 pence each in Pearson plc
the financial
instrument, type ISIN: GB0006776081
of instrument
Identification
code
------------------------- -------------------------------------------------------------
b) Nature of the Allotment of Ordinary shares following release
transaction of Long-Term Incentive Plan award and Sale of
shares to cover tax liabilities arising from vesting
of Long-Term Incentive Plan award
------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Allotment of Ordinary Sale of shares to cover
Shares following release tax liabilities
of Long-Term incentive
Plan award
------------------------- -------------------------- ---------------------------------
Volume: 78,634 Volume: 37,088
Price : n/a Price: GBP8.137 per share
Aggregated price: GBP301,785.06
------------------------- -------------------------- ---------------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
------------------------- -------------------------------------------------------------
e) Date of the transaction 3 May 2019
------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name John Fallon
------------------------- -------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- -------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------------------
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 Ordinary shares of 25 pence each in Pearson plc
the financial
instrument, type ISIN: GB0006776081
of instrument
Identification
code
------------------------- -------------------------------------------------------------
b) Nature of the Allotment of Ordinary shares following release
transaction of Long-Term Incentive Plan award and Sale of
shares to cover tax liabilities arising from vesting
of Long-Term Incentive Plan award
------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Allotment of Ordinary Sale of shares to cover
Shares following release tax liabilities
of Long-Term incentive
Plan award
------------------------- -------------------------- ---------------------------------
Volume: 132,589 Volume: 62,536
Price : n/a Price: GBP8.137 per share
Aggregated price: GBP508,855.43
------------------------- -------------------------- ---------------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
------------------------- -------------------------------------------------------------
e) Date of the transaction 3 May 2019
------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Giovanni Giovannelli
------------------------- -------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status President Growth Markets
------------------------- -------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------------------
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 Ordinary shares of 25 pence each in Pearson plc
the financial
instrument, type ISIN: GB0006776081
of instrument
Identification
code
------------------------- -------------------------------------------------------------
b) Nature of the Allotment of Ordinary shares following release
transaction of Long-Term Incentive Plan award and Sale of
shares to cover tax liabilities arising from vesting
of Long-Term Incentive Plan award
------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Allotment of Ordinary Sale of shares to cover
Shares following release tax liabilities
of Long-Term incentive
Plan award
------------------------- -------------------------- ---------------------------------
Volume: 78,634 Volume: 38,777
Price : n/a Price: GBP8.137 per share
Aggregated price: GBP315,528.45
------------------------- -------------------------- ---------------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
------------------------- -------------------------------------------------------------
e) Date of the transaction 3 May 2019
------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Albert Hitchcock
------------------------- -------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Technology & Operations Officer
------------------------- -------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------------------
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 Ordinary shares of 25 pence each in Pearson plc
the financial
instrument, type ISIN: GB0006776081
of instrument
Identification
code
------------------------- -------------------------------------------------------------
b) Nature of the Allotment of Ordinary shares following release
transaction of Long-Term Incentive Plan award and Sale of
shares to cover tax liabilities arising from vesting
of Long-Term Incentive Plan award
------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Allotment of Ordinary Sale of shares to cover
Shares following release tax liabilities
of Long-Term incentive
Plan award
------------------------- -------------------------- ---------------------------------
Volume: 87,371 Volume: 41,209
Price : n/a Price: GBP8.137 per share
Aggregated price: GBP335.317.63
------------------------- -------------------------- ---------------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
------------------------- -------------------------------------------------------------
e) Date of the transaction 3 May 2019
------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bob Whelan
----------------------- -------------------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status President Pearson Assessments
----------------------- -------------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- -------------------------------------------------------------------
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 Ordinary shares of 25 pence American
of each in Pearson plc Depositary
the Receipts
financial ISIN: GB0006776081 (ADRs)
instrument, in
type Pearson
of plc
instrument (each
Identification ADR
code represents
one
ordinary
share
of
25
pence
in
Pearson
plc)
ISIN:
US7050151056
----------------------- --------------------------------------- --------------------------
b) Nature of the Allotment of Ordinary Sale of shares Allotment of remaining
transaction Shares following to cover tax shares to ADRs following
release of Long-Term liabilities release of Long-Term
incentive Plan Incentive Plan award
award
----------------------- ---------------------- --------------- --------------------------
c) Price(s) Volume: Volume: Volume:
and 78,634 37,365 41,269
volume(s) Price Price: Price:
: GBP8.137 n/a
n/a per
share
Aggregated
price:
GBP304,039.01
----------------------- ---------------------- --------------- --------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
----------------------- -------------------------------------------------------------------
e) Date 3 May 2019
of
the
transaction
----------------------- -------------------------------------------------------------------
f) Place London Stock Exchange (XLON) New York Stock Exchange
of (NYSE)
the
transaction
----------------------- --------------------------------------- --------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Coram Williams
------------------------- -------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- -------------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------------------
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 Ordinary shares of 25 pence each in Pearson plc
the financial
instrument, type ISIN: GB0006776081
of instrument
Identification
code
------------------------- -------------------------------------------------------------
b) Nature of the Allotment of Ordinary shares following release
transaction of Long-Term Incentive Plan award and Sale of
shares to cover tax liabilities arising from vesting
of Long-Term Incentive Plan award
------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Allotment of Ordinary Sale of shares to cover
Shares following release tax liabilities
of Long-Term incentive
Plan award
------------------------- -------------------------- ---------------------------------
Volume: 76,854 Volume: 22,367
Price : n/a Price: GBP8.137 per share
Aggregated price: GBP182,000.28
------------------------- -------------------------- ---------------------------------
d) Aggregated information Aggregated volume: see 4 (c) above
- Aggregated volume Aggregated price: see 4 (c) above
- Price
------------------------- -------------------------------------------------------------
e) Date of the transaction 3 May 2019
------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------- -------------------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHMMGGKGLGGLZM
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May 09, 2019 06:17 ET (10:17 GMT)
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