UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 July 2005
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
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This Report includes the following documents:
1. A press release from Pearson plc announcing Director/PDMR Shareholding
Pearson plc (the Company)
In 2001, the Company established the Pearson Long Term Incentive Plan (the Plan)
for the purpose of providing a long-term share incentive for executive directors
and senior executives of the Pearson group. The Plan provided for the grant of
two separate categories of award relating to ordinary shares in the Company (
Shares) - option awards and restricted share awards.
Restricted Share Awards Granted on 16 December 2002
The first tranche of the restricted share awards granted on 16 December 2002, to
executive directors, vested on 28 June 2005.
As a result of these Shares being released on 26 July 2005, the following
executive directors have become entitled to the number of Shares shown in the
second column below. The number of Shares shown in the third column below were
sold on 26 July 2005 at a price of 677.67 pence per share in order to discharge
tax and social security liabilities on the Shares received, leaving the
after-tax number of Shares set out in the final column below.
Name of Director Shares released Shares sold to discharge Shares retained
tax liabilities
David Bell 26,613 10,912 15,701
Rona Fairhead 26,613 10,912 15,701
John Makinson 34,480 14,137 20,343
Marjorie Scardino 60,340 24,740 35,600
Interests of the Directors
As a result of the above transactions, the executive directors are interested in
the following Shares (excluding Shares 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 % of capital
David Bell 101,695 0.01265
Rona Fairhead 43,209 0.005377
John Makinson 147,314 0.01833
Marjorie Scardino 181,238 0.02256
The Shares required to satisfy these awards have been sourced from an employee
benefit trust established by the Company. As a result of the release of Shares
described above, the number of Shares held by Mourant & Co Trustees Limited (as
trustee of the Pearson Employee Share Ownership Trust) is now 217,683 Shares
(representing 0.027% of the Company's issued ordinary share capital).
Each of the executive directors of the Company is for Companies Act purposes,
regarded as interested in all the shares held by this trust. Despite the
technical interest in all the Shares each executive director will only be
entitled to receive from the Trust that number of Shares to which he or she is
entitled under share plans operated by the Company in which he or she
participates.
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: 27 July 2005
By: /s/ STEPHEN JONES
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Stephen Jones
Deputy Secretary