sn201403106k.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 10, 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

10 March 2014

Smith & Nephew plc announces that it has been informed of the following transactions by Directors and persons discharging managerial responsibilities ("PDMRs") in relation to conditional awards over shares:

1.       PERFORMANCE SHARE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010
 
Name
Grant date
Director/PDMR
Number of shares subject to award shown at target vesting
Olivier Bohuon
07.03.2014
Director
90,152
Julie Brown
07.03.2014
Director
50,344
Rodrgio Bianchi
07.03.2014
PDMR
20,676
John Campo
07.03.2014
PDMR
19,169
Francisco Canal Vega
07.03.2014
PDMR
17,856
Michael Frazzette
07.03.2014
PDMR
21,967
R. Gordon Howe
07.03.2014
PDMR
16,961
Helen Maye
07.03.2014
PDMR
16,671
Cyrille Petit
07.03.2014
PDMR
18,012
Roger Teasdale
07.03.2014
PDMR
19,429
 
(i)    There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2017, subject to the achievement of the performance conditions which are measured from 1 January 2014
        to 31 December 2016.

(ii)   The numbers of shares subject to the above awards are shown at target vesting. Should maximum vesting be achieved, participants will receive 2x the number of shares shown above. Awards will vest on a straight line basis
        between target and maximum.
 
(iii)  Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.


2.    EQUITY INCENTIVE AWARDS GRANTED UNDER THE SMITH & NEPHEW GLOBAL SHARE PLAN 2010
 
Name
Grant date
Director/PDMR
Number of shares subject to award
Olivier Bohuon
07.03.2014
Director
61,683
Julie Brown
07.03.2014
Director
26,497
Rodrigo Bianchi
07.03.2014
PDMR
9,398
John Campo
07.03.2014
PDMR
19,169
Francisco Canal Vega
07.03.2014
PDMR
16,233
Michael Frazzette
07.03.2014
PDMR
21,967
R. Gordon Howe
07.03.2014
PDMR
16,961
Helen Maye
07.03.2014
PDMR
19,703
Cyrille Petit
07.03.2014
PDMR
18,012

 
(i)   The awards will normally vest in equal annual tranches over three years following the award date subject to continued achievement of objectives. In the event that objectives are not met in any of the three years, the portion of
       shares due to vest on the following anniversary will lapse.
 
(ii)   Participants will receive an additional number of shares equivalent to the amount of dividend payable per vested share during the relevant performance period.
 
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 10, 2014
 
 
By: /s/ Susan Swabey
-----------------
Susan Swabey
Company Secretary