Director/PDMR Shareholding
April 10 2006 - 3:00AM
UK Regulatory
RNS Number:2522B
Taylor Woodrow PLC
07 April 2006
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS
1. Name of the issuer
Taylor Woodrow plc
2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) A transaction notified in accordance with DR 3.1.4R(1)(A)
3. Name of person discharging managerial responsibilities/director
Director:
P. T. Johnson
Persons Discharging Managerial Responsibility:
A. S. Luhaste
R. I. Morbey
I. C. Morris
T. Peach
J. R. Peshkin
N. C. Smith
A. Wilby
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person
A. Wilby - Self and spouse
Others named - Self only
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest
Holding of the persons named
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
25p Ordinary Shares of Taylor Woodrow plc
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
Own name Other name
P. T. Johnson 84,549
A. S. Luhaste 55,564 2,204 (HSDL Nominees Ltd.)
R. I. Morbey 71,880 59,448 (Mrs. G. Morbey)
I. C. Morris 36,582 1,754 (HSDL Nominees Ltd.)
T. Peach 3,713 1,100 (HSDL Nominees Ltd.)
J. R. Peshkin 227,310
N. C. Smith 98,943 7,342 (HSDL Nominees Ltd.)
A. Wilby 108,142 902 (HSDL Nominees Ltd.)
8 State the nature of the transaction
1. A. Purchase of qualifying shares under the Taylor Woodrow Deferred Bonus
Plan, using cash bonus earned in 2005 to acquire shares;
1. B. Grant of a one for one matching option under the Taylor Woodrow
Deferred Bonus Plan, which, if the associated qualifying shares (see
1.A (above) are held for at least three years, and the performance
condition is met whereby the company's earnings per share increase
over the three year holding period by at least 3% cumulative above
the growth in the UK Retail Prices Index over the corresponding
period, is exercisable at the end of that three year performance
period.
2. Sale of some or all of the qualifying and / or matching shares under the
Taylor Woodrow Deferred Bonus Plan on first maturity of the qualifying
shares purchased and the associated one for one matching option awards
made by the company in 2003, based on executives' deferment of cash
bonus entitlement earned for performance in 2002.
9. Number of shares, debentures or financial instruments relating to shares
acquired
P. T. Johnson 9,858
A. S. Luhaste 26,891
R. I. Morbey 17,517
I. C. Morris 2,464
T. Peach 2,464
J. R. Peshkin 96,584
N. C. Smith 54,626
A. Wilby 41,134
10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)
P. T. Johnson 0.0017
A. S. Luhaste 0.0047
R. I. Morbey 0.003
I. C. Morris 0.0004
T. Peach 0.0004
J. R. Peshkin 0.0167
N. C. Smith 0.0095
A. Wilby 0.007
(Percentages shown are calculated relative to shares in issue less treasury
shares on date of purchase which was 577,051,084 shares)
11. Number of shares, debentures or financial instruments relating to shares
disposed
A. S. Luhaste 10,051
R. I. Morbey 17,517
J. R. Peshkin 135,950
N. C. Smith 39,839
A. Wilby 41,134 (own name)
21,134 (Mrs. S. P. Wilby)
12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)
A. S. Luhaste 0.00174
R. I. Morbey 0.003
J. R. Peshkin 0.0236
N. C. Smith 0.0069
A. Wilby 0.01
(Percentages shown are calculated relative to shares in issue less treasury
shares on date of sale which was 577,051,084 shares)
13. Price per share or value of transaction
Purchases of shares 402.3206p
Sales of shares 402.3206p
14. Date and place of transaction
7 April 2006
15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)
Holding Percentage
P. T. Johnson 94,407 0.016
A. S. Luhaste 74,608 0.013
R. I. Morbey 131,328 0.023
I. C. Morris 40,800 0.007
T. Peach 7,277 0.00126
J. R. Peshkin 187,944 0.033
N. C. Smith 121,072 0.02
A. Wilby 87,910 0.0152
(Percentages shown are calculated relative to shares in issue less treasury
shares on date of transactions which was 577,051,084 shares)
16. Date issuer informed of transaction
7 April 2006
If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes
17 Date of grant
7 April 2006
18. Period during which or date on which it can be exercised
The award vests, subject to retention of the associated qualifying share award
for three years and subject also to the achievement of the performance
criterion, following publication of the company's accounts for the performance
period (i.e. expected to be in early 2009).
19. Total amount paid (if any) for grant of the option
Nil
20. Description of shares or debentures involved (class and number)
P. T. Johnson 9,858
A. S. Luhaste 2,464
I. C. Morris 2,464
T. Peach 2,464
J. R. Peshkin 28,609
N. C. Smith 14,787
All of the above refer to 25p ordinary shares of Taylor Woodrow plc
21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise
Nil
22. Total number of shares or debentures over which options held following
notification
P. T. Johnson 461,882
A. S. Luhaste 175,082
I. C. Morris 165,290
T. Peach 120,067
J. R. Peshkin 444,153
N. C. Smith 262,579
23. Any additional information
None
24. Name of contact and telephone number for queries
M A Lonnon
0121 600 8542
Name and signature of duly authorised officer of issuer responsible for making
notification
Richard Morbey
Secretary, Taylor Woodrow plc
Date of notification
7 April 2006
This information is provided by RNS
The company news service from the London Stock Exchange
END
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