pson201205166k1.htm
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 May 2012
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 Directors' Interests
Annual Bonus Share Matching Plan ("ABSMP")
On 15 May 2012, participants became entitled to ordinary shares in the Company under the rules of the Annual Bonus Share Matching Plan, granted in 2009 (the "Plan"). Under the Plan, participants who invest their after-tax bonus in shares become entitled to "matching shares" on a one-for-one basis if a three-year corporate performance target is met.
The ABSMP rules require that sufficient shares are sold to discharge the PAYE income tax liability on the shares released. The shares set out in the third column below were sold on 15 May 2012 at a price of £11.5419 per share, leaving the after-tax number of shares set out in the final column below.
|
Name of Director
|
Shares released
|
Shares sold to discharge tax liabilities
|
Shares/ADRs retained
|
|
Robin Freestone
|
39,558
|
20,571
|
18,987
|
|
Will Ethridge
|
125,568
|
58,202
|
67,366
|
Interests of the directors
As a result of the above transactions, the executive directors are interested in the following shares/ADRs (excluding shares/ADRs to which they are notionally entitled or may become entitled, subject to the satisfaction of any relevant conditions, under the Company's employee share plans):
|
Name of Director
|
Number of Shares/ADRs
|
% of Capital
|
|
Robin Freestone
|
386,636
|
0.04738%
|
|
Will Ethridge
|
484,124
|
0.05933%
|
This notification is made in accordance with DTR 3.1.4R.
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: 16 May 2012
By: /s/ STEPHEN JONES
-----------------------
Stephen Jones
Deputy Secretary