REG - Legal & General Grp - Director/PDMR Shareholding <Origin Href="QuoteRef">LGEN.L</Origin>

Legal & GeneralAnnouncement

22/04/2016 07:06

RNS Number : 9885V
Legal & General Group Plc
22 April 2016
Legal & general group plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities (PDMRs) and Connected Persons
The Legal & General Group 2010 Share Bonus Plan (SBP) and The Legal & General Group Plc Performance Share Plan 2014 (PSP) 
On 21 April 2016 Legal & General Group Plc (the Company) received notification that on that day the Directors and PDMRs named below were awarded restricted shares at a price of 243.10p per ordinary share under the terms of the SBP. The restricted period in respect of the SBP awards will end on 21 April 2019. 
On 21 April 2016 the Company also received notification that on that day the Directors and PDMRs named below had been awarded a nil cost option over ordinary shares of 2.5p under the terms of the PSP at an award price of 242.24p.
The performance period in respect of the PSP award will end on 31 December 2018. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2018 annual results. One third of the vested options will be exercisable immediately with the second third becoming available after the announcement of the 2019 results and the remaining third after the announcement of the 2020 results. Options must be exercised by the seventh anniversary of the date of grant.
Name
Director/
PDMR
Number of SBP Shares Awarded 
Number of PSP Shares Awarded
Mark Gregory
Director
148,835
-
Mark Zinkula
Director
188,611
629,540
Nigel Wilson
Director
228,841
914,382
Paul Stanworth
PDMR
58,374
211,773
Gene Gilbertson
PDMR
41,209
184,995
Kerrigan Procter
PDMR
98,357
309,610
On 20 April 2016 the Company received notification that restricted shares awarded on 17 April 2013 had vested on 17 April 2016 and been released under the terms of the SBP, in respect of the Directors and PDMRs named below. 
Name
Director/
PDMR
Number of shares awarded on 17 April 2013
Number of shares vested on 17 April 2016
Shares sold to cover tax and social security at a share price of 239.10p
Shares retained by individual
Nigel Wilson
Director
165,069
165,069
77,583
87,486
Mark Gregory
Director
104,947
104,947
49,326
55,621
Mark Zinkula
Director
103,715
103,715
49,110
54,605
Paul Stanworth
PDMR
80,798
80,798
37,976
42,822
Gene Gilbertson
PDMR
28,619
28,619
28,619
0
This disclosure relates to transactions notified in accordance with DTR 3.1.4R (1) (a). 
These transactions took place in London.
Name of person making notification:
Jenny McCarthy
Contact number:
020 3124 2149
Date of notification:
22 April 2016

This information is provided by RNS
The company news service from the London Stock Exchange
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