sn201303086k.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 08, 2013 
 
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.







 
 
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 08, 2013
 
 
By: /s/ Susan Swabey
-----------------
 
Susan Swabey
Company Secretary
 



NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL REPONSIBILITY AND CONNECTED PERSONS
 
SMITH & NEPHEW PLC
 
08 March 2013
 
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
07.03.2013
Director
120,464
Julie Brown
07.03.2013
Director
66,433
John Campo
07.03.2013
PDMR
26,009
Francisco Canal Vega
07.03.2013
PDMR
24,576
Michael Frazzette
07.03.2013
PDMR
29,183
R. Gordon Howe
07.03.2013
PDMR
20,995
Helen Maye
07.03.2013
PDMR
21,365
Cyrille Petit
07.03.2013
PDMR
23,076
Rosalind Rivaz
07.03.2013
PDMR
18,506
Roger Teasdale
07.03.2013
PDMR
23,307
 
(i)      There are performance conditions attached to the vesting of performance share awards. These awards will vest on 7 March 2016, subject to the achievement of the performance conditions which are measured from 1 January 2013
          to 31 December 2015.
 
(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
07.03.2013
Director
82,423
John Campo
07.03.2013
PDMR
26,009
Francisco Canal Vega
07.03.2013
PDMR
22,341
Michael Frazzette
07.03.2013
PDMR
29,183
R. Gordon Howe
07.03.2013
PDMR
20,995
Helen Maye
07.03.2013
PDMR
25,250
Cyrille Petit
07.03.2013
PDMR
15,524
Rosalind Rivaz
07.03.2013
PDMR
18,506
Roger Teasdale
07.03.2013
PDMR
23,307
 
(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.
 
 
 
3.       SHARE AWARD ON JOINING
 
 
Name
Grant date
Director/PDMR
Number of shares subject to award
Julie Brown
07.03.2013
Director
75,000
 
(i)      The award will normally vest in equal tranches on each of 4 February 2014, 4 February 2015 and 4 February 2016.
(ii)     The award will vest, subject to continued employment, in equal tranches over 3 years following the award date.
 
4.       PARTIAL VESTING OF 2012 EQUITY INCENTIVE AWARDS MADE UNDER THE GLOBAL SHARE PLAN 2010
 
 
Name of PDMR
Number of ordinary shares acquired
Number of ordinary shares sold
Total ordinary shares held following notification
Michael Frazette (iii)
10,590
4,024
123,790
Olivier Bohoun (iii)
30,482
7,634
59,863
John Campo (iii)
8,581
3,935
76,166
Roger Teasdale (iii)
8,842
4,610
41,261
Rosalind Rivaz (iii)
6,382
3,328
3,054
R. Gordon Howe
9,005
9,005
59,295
Helen Maye
9,579
0
19,142
Francisco Canal Vega
8,262
0
8,262
Guy Kelvin Johnson
8,083
0
55,043
 
(i)      The awards were granted under the GSP 2010 on 8 March 2012. One third of the shares vested on 8 March 2013, one third will vest on 8 March 2014 and one third will vest on 8 March 2015.
(ii)     The market value of ordinary shares acquired and sold on 8 March 2013 was 725.5549p per ordinary share.
(iii)    Ordinary shares were sold to cover taxation obligations arising on the vesting of the awards.
 
 
Notes:
 
1.      The ordinary shares were released and sold in London, UK.
 
2.      The percentages of issued share capital acquired, disposed and held following notification are all under 0.01% of the total issued share capital of the Company.
 
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