SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of April, 2016
AVIVA PLC
(Translation of registrant's name into English)
ST HELEN’S, 1 UNDERSHAFT
LONDON EC3P 3DQ
(Address of 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 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
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-
05 April 2016
AVIVA PLC ("Aviva")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs")
Aviva announces that:
Aviva Annual Bonus Plan 2011 (ABP) and the Aviva Long Term Incentive Plan 2011 (LTIP)
On 4 April 2016, in London, and in line with the normal timetable, the following PDMRs received Aviva ordinary shares of 25 pence each (Shares) following the vesting of awards granted in 2013 under the ABP and the LTIP (the Plans). Disposals have also been made, including to cover the cost of taxes and sales fees, as set out below.
| Name | ABP or LTIP | Price at which Shares granted (pence) | Shares received from ABP or LTIP awards | No. of Shares sold to cover taxes and costs | Other disposal of shares | No. of Shares retained net of taxes and costs | Price at which Shares sold (pence) |
| Mark Wilson | LTIP | 299p | 569,459 | 268,589 | | 300,870 | 447.01p |
| |
| Kirstine Cooper | ABP LTIP | 299p 299p | 61,397 123,962 | 28,964 58,472 | | 32,433 65,490 | 447.01p 447.01p |
| Angela Darlington | ABP LTIP | 299p 299p | 20,461 30,505 | 9,651 14,388 | | 10,810 16,117 | 447.01p 447.01p |
| David McMillan | ABP LTIP | 299p 299p | 43,702 158,827 | 20,540 74,649 | 23,162 84,178 | 0 0 | 447.01p 447.01p |
| Maurice Tulloch | ABP LTIP | 299p 299p | 90,061 174,630 | 42,499 82,407 | | 47,562 92,223 | 447.01p 447.01p |
| Jason Windsor | ABP LTIP | 299p 299p | 81,314 145,270 | 38,352 68,517 | | 42,962 76,753 | 447.01p 447.01p |
As disclosed in the Aviva Annual Report, published on 29 March 2016, these shares vested in accordance with the rules of the Plans and following performance testing of the LTIP award. The grant of awards under the LTIP was for nil consideration. The LTIP award vested at 53% following testing of Return on Equity (ROE) and Total Shareholder Return (TSR) performance factors, over a three year period (1 January 2013 to 31 December 2015).
The awards under the ABP and LTIP were granted at a price of £2.99 per share which was based on the average share price of an Aviva ordinary share for 3 days prior to the date of grant.
The releases under the ABP and LTIP include additional Shares received in lieu of dividends, which are subject to tax.
Aviva Recruitment and Retention Share Award Plan (RRSAP)
Also on 4 April 2016 the following PDMRs received Shares following the vesting of awards granted under the RRSAP. Awards granted under RRSAP were made to replace, on a like for like basis, deferred compensation forfeited on resignation from previous employers.
| Name | Price at which Shares granted (pence) | Shares received RRSAP awards | No. of Shares sold to cover taxes and costs | No. of Shares received net of taxes and costs | Price at which Shares sold (pence) |
| Euan Munro | 465p | 75,594 | 35,654 | 39,940 | 447.01p |
| Chris Wei | 530p | 52,771 | 6,434 | 46,337 | 447.01p |
These Shares vested in accordance with the rules of the RRSAP. The grant of awards under the RRSAP was for nil consideration. The awards under the RRSAP were granted at a price of £5.30 per share for Chris Wei and £4.65 per share for Euan Munro, which was based on the average share price of an Aviva ordinary share for 3 days prior to the date these individuals joined the company.
This announcement is made pursuant to Disclosure and Transparency Rule 3.1.4. Aviva was notified of the above transactions on 4 April 2016.
Media Enquiries:
Andrew Reid +44 (0)7800 694276
General Enquiries:
Roy Tooley, Company Secretarial +44 (0)207 662 6019
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.
Date 05 April, 2016
| | AVIVA PLC |
| | |
| | By: /s/ K.A. Cooper |
| | |
| | K.A. Cooper |
| | Group Company Secretary |
