Report of Foreign Issuer (6-k)

Date : 04/05/2018 @ 6:31AM
Source : Edgar (US Regulatory)
Stock : Pearson, (PSO)
Quote : 12.385  0.145 (1.18%) @ 12:43PM

Report of Foreign Issuer (6-k)

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of April 2018
 
 
PEARSON plc
(Exact name of registrant as specified in its charter)
 
N/A
 
(Translation of registrant's name into English)
 
80 Strand
London, England WC2R 0RL
44-20-7010-2000
(Address of principal executive office)
 
 
Indicate by check mark whether the Registrant files or will file annual reports
under cover of 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
 
 
 
 
 
Pearson plc - (the "Company")
 
Notification of PDMRs' Interests
 
 
Management Incentive Plan
 
In 2017, the Company established the Pearson Management Incentive Plan (the "MIP" ). Its purpose is to link senior management's short- and long-term reward with Pearson's financial performance and its progress against key strategic objectives. The MIP may settle awards with market purchased shares, but not newly issued or treasury shares. Executive Directors may not participate in the MIP.
 
On 3 April 2018, the Company made a grant of restricted shares to members of the Pearson Executive under the MIP. The number of shares granted is based on performance in the 2017 financial year and the share price on 1 March 2018. The awards will vest on 31 March 2021. Two-thirds of these shares remain subject to the Company meeting a minimum performance underpin based on Pearson's earnings per share in 2020 and one-third of these shares are subject to continued employment to the vesting date only.
 
Long-Term Incentive Plan
 
In addition, fulfilling a buyout promise made on hire to Jonathan Chocqueel-Mangan, an award of shares has been made to him and will vest as follows: one-half of these shares will vest in March 2019, and one-half of these shares will vest in March 2020, subject to continued employment only.
 
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
 
Albert Hitchcock
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Technology and Operations Officer
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price:
N/A
 
104,610
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 104,610 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
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 /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price:
N/A
 
118,212
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 118,212 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Rod Bristow
 
2
 
Reason for the notification
 
a)
 
Position/status
 
President, Core Markets
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
 86,352
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 86,352 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Kevin Capitani
 
2
 
Reason for the notification
 
a)
 
Position/status
 
President, North America
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
97,121
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 97,121 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
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 /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
109,958
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 109,958 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
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 /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
90,808
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 90,808 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Kate James
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Corporate Affairs and Global Marketing Officer
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
92,459
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 92,459 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Bjarne Tellmann
 
2
 
Reason for the notification
 
a)
 
Position/status
 
General Counsel and Chief Legal Officer
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Grant of restricted shares awarded under the Management Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
84,204
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 84,204 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Jonathan Chocqueel-Mangan
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Strategy Officer
 
b)
 
Initial notification /Amendment
 
Initial notification
 
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 the financial instrument, type of instrument
Identification code
 
Ordinary shares of 25 pence each in Pearson plc
 
ISIN: GB0006776081
 
b)
 
Nature of the transaction
 
Award of restricted shares under the Long-Term Incentive Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
Purchase price: N/A
 
16,552
 
 
d)
 
Aggregated information
- Aggregated volume
- Price
 
Aggregated volume: 16,552 shares
Aggregated price: N/A
 
e)
 
Date of the transaction
 
3 April 2018
 
f)
 
Place of the transaction
 
N/A
 
 
 
 
 
 
SIGNATURE
 
 
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.
 
 
 
PEARSON plc
 
 
Date:  05 March 2018
 
 
By: /s/ NATALIE WHITE
 
 
 
------------------------------------
 
Natalie White
 
Deputy Company Secretary
 
 
 

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