Pearson PLC — Regulatory Filings 2019

Jun 20, 2019

6-K 1 a9376c.htm DIRECTOR/PDMR SHAREHOLDING Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2019 Issuer Direct Corporation Blueprint

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 June 2019

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 PDMR Interests

Sale of shares to cover tax withholding obligations

Due to an administrative error, insufficient shares were sold to satisfy tax following the vesting of Coram Williams' 2016 LTIP on 3 May 2019; therefore 13,666 additional shares were sold on 19 June 2019 to fully settle his tax liability, pursuant to the LTIP rules. Coram retains all vested shares from this award not sold to settle tax obligations, which also continue to be subject to a two-year holding period until 3 May 2021.

The following table sets out the number of shares that were sold on 19 June 2019 and notified to the Company on the same day, at the price shown in the fourth column below and with the number set out in the fifth column below being retained by Coram Williams as ordinary shares.

| Name
of Director / PDMR | Title | Shares sold to discharge tax liabilities | Sale price per share (£) | Retained shares |
| --- | --- | --- | --- | --- |
| Coram
Williams | Chief Financial Officer | 13,666 | £8.238 | 40,821 |

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 | Coram
Williams |
| 2 | Reason for the notification | |
| a) | Position/status | Chief
Financial 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 | Sale of
shares to cover tax liabilities arising from vesting of Long-Term
Incentive Plan award |
| c) | Price(s)
and volume(s) | Volume:
13,666 Price:
£8.238 per share Aggregated
price: £112,580.51 |
| d) | Aggregated
information -
Aggregated volume -
Price | Aggregated
volume: 13,666 Aggregated
price: £112,580.51 |
| e) | Date of
the transaction | 19 June
2019 |
| f) | Place
of the transaction | London
Stock Exchange (XLON) |

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.

Date: 20
June 2019
By: /s/
NATALIE WHITE
------------------------------------
Natalie
White
Deputy
Company Secretary

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