sn201403116k.htm
 
 
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
 
 
Report of Foreign Private Issuer
 
 
Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of

1934
 
 
March 11, 2014
 
Commission File Number 001-14978




SMITH & NEPHEW plc
(Registrant's name)



15 Adam Street

London, England WC2N 6LA
(Address of registrant's 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 if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1).]


Yes                        No X
---                         ---

 
[Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7).]

 
Yes                      No X
---                         ---

[Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing information to the
Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of
1934.]

 
Yes                  No X
---                   ---

 
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2 (b) : 82- n/a.



 
 

 

 


 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
 
SMITH & NEPHEW PLC
 
11 March 2014
 
Smith & Nephew plc announces that it has been informed today of the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:
 
1.       PARTIAL VESTING OF 2013 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010 (GSP 2010) on 7 MARCH 2014
 
 
Name of Director / PDMR
Number of Ordinary Shares acquired (iv)
Number of Ordinary Shares sold
Total Ordinary Shares / ADS' held following notification
Olivier Bohoun (iii)
27,971
6,246
132,963 Ordinary Shares
John Campo (iii)
8,826
4,414
112,043 Ordinary Shares (including 20,597 ADS')
Francisco Canal Vega(iii)
7,581
3,424
4,157 Ordinary Shares
Michael Frazzette (iii)
9,903
3,240
109,028 Ordinary Shares (including 20,473 ADS')
R. Gordon Howe
7,124
7,124
14,834 ADS'
Helen Maye
8,568
0
38,276 Ordinary Shares
Cyrille Petit (iii)
5,267
2,485
11,888 Ordinary Shares
Roger Teasdale (iii)
7,909
3,731
75,763 Ordinary Shares
 
 
(i)      The awards were granted under the GSP 2010 on 7 March 2013. One third of the shares vested on 7 March 2014, one third of the shares will vest on 7 March 2015 and the final third will vest on 7 March 2016.
 
(ii)     The market value of Ordinary Shares acquired and sold on 7 March 2014 was 929p per Ordinary Share.
 
(iii)    Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
 
(iv)    This number includes the dividend equivalent shares which participants receive on vested shares.
 
2.        PARTIAL VESTING OF 2012 EQUITY INCENTIVE AWARDS MADE UNDER THE GSP 2010 ON 8 MARCH 2014
 
 
 
Name of Director / PDMR
Number of Ordinary Shares acquired
Number of Ordinary Shares sold
Total Ordinary Shares / ADS' held following notification
Olivier Bohoun (iii)
30,482
6,806
156,639 Ordinary Shares
John Campo (iii)
8,581
4,291
116,333 Ordinary Shares (including 20,597 ADS')
Francisco Canal Vega (iii)
8,262
3,731
8,688 Ordinary Shares
Michael Frazzette (iii)
10,590
3,465
116,153 Ordinary Shares (including 20,473 ADS')
R. Gordon Howe
9,005
9,005
14,834 ADS'
Helen Maye
9,579
0
47,855 Ordinary Shares
Roger Teasdale (iii)
8,842
4,171
80,434 Ordinary Shares
 
 
(i)         The awards were granted under the GSP 2010 on 8 March 2012. One third of the shares vested on 8 March 2013, a further third vested on 8 March 2014 and the final third will vest on 8 March 2015.
 
(ii)         The market value of Ordinary Shares acquired and sold on 10 March 2014 was 925.5p per Ordinary Share.
 
(iii)        Ordinary Shares were sold to cover taxation obligations arising on the vesting of the awards.
 
Additional Notes:
 
1.      The Ordinary Shares were released and sold in London, UK.
 
2.       One ADS is the equivalent of five Ordinary Shares of US$0.20 each.
 
3.      The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% of the total issued share capital of the Company.
 
 
This announcement is made in accordance with the requirements of DTR 3.1.4 R (1)(a)
 
Gemma Parsons
Deputy Company Secretary
Smith & Nephew plc
 
Tel: 020 7401 7646
 

 

 


 
 
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 authorized.
 
 
Smith & Nephew Plc
(Registrant)
 
 
Date: March 11, 2014
 
 
By: /s/ Susan Swabey
-----------------
Susan Swabey
Company Secretary