Business Context and Reporting Period
This Form 6-K filing by GlaxoSmithKline plc covers the period ending September 27, 2006. The report serves as a notification of transactions involving Directors, Persons Discharging Managerial Responsibility, or Connected Persons regarding Ordinary Shares of the Company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is strictly a regulatory notification of share transactions and does not contain financial performance data.
Material Changes and Transactions
The filing details specific transactions executed by the GlaxoSmithKline Employee Trust ("the GSK Trust") on behalf of employee share plans:
- September 22, 2006: The GSK Trust sold 2,386 Ordinary Shares at GBP 14.22 per share for participants in the GlaxoSmithKline Share Value Plan.
- September 22, 2006: The GSK Trust transferred 9,562 Ordinary Shares to participants in the GlaxoSmithKline Share Value Plan.
- September 25, 2006: The GSK Trust transferred 18,750 Ordinary Shares to participants in the SmithKline Beecham Employee Share Option Plan 1991.
- September 25, 2006: The GSK Trust transferred 5,095 Ordinary Shares to participants in the SmithKline Beecham Employee Share Option Plan 1991.
Three directors (Dr J-P Garnier, Dr M M Slaoui, and Mr J S Heslop) hold interests in the GSK Trust shares in the same capacity as other employees.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of the aforementioned share transactions under Disclosure Rule 3.1.4R(1)(b).
Key Facts for Investor Verification
- Verify the total volume of shares transferred or sold by the GSK Trust during the reporting period (35,793 shares total).
- Confirm the transaction price of GBP 14.22 per share for the sale on September 22, 2006.
- Note that the transactions relate to employee benefit plans (Share Value Plan and Employee Share Option Plan 1991) rather than open market trading by directors for personal accounts.
- Understand that this filing does not reflect the company's operational or financial performance for the period.