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
 
 
(09 March 2018)
 
LLOYDS BANKING GROUP plc
(Translation of registrant's name into English)
 
5th Floor
25 Gresham Street
London
EC2V 7HN
United Kingdom
 
 
(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- ________
 
 
Index to Exhibits
 
 
Item
 
 No. 1 Regulatory News Service Announcement, dated 09 March 2018
        re: Director/PDMR Shareholding
 
 
9 March 2018
 
LLOYDS BANKING GROUP PLC ('GROUP') - NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF THE GROUP OF 10 PENCE EACH ('SHARES')
On 21 February 2018, the Group published details of upcoming remuneration disclosures for the Group, including salary, Long-Term Incentive Plan (LTIP) vesting, Group Performance Share (bonus), Group Ownership Share (LTIP) awards and Fixed Share Awards for PDMRs ('Summary Remuneration Announcement').  Where awards had not yet been made, estimates were provided. The Group announces that the following awards were made on 6 March 2018.
This announcement should be read in conjunction with the Summary Remuneration Announcement and disclosures in the 2017 Annual Report and Accounts published on 21 February 2018. The 2017 Annual Report and Accounts is available on the 'Annual Reports' page in the 'Investors & Performance' section of the Group's website www.lloydsbankinggroup.com.
 
2017 Group Performance Share Awards
In line with requirements of the PRA Rulebook and FCA Remuneration Code (SYSC 19D), a maximum of 40 per cent of any variable remuneration awarded to Executive Directors and other members of the Group Executive Committee will be paid in 2018 (subject to applicable holding requirements). The remaining 60 per cent must be deferred.
                                                                                                                      
For the 2017 Group Performance Share awards, £2,000 is paid in cash in March 2018 with the balance of the upfront 40 per cent delivered in Shares. 50 per cent of the upfront Shares will be delivered immediately and will be subject to a holding period ending in March 2019. The remaining 50 per cent will be delivered in June 2018 at the prevailing share price with the number of shares notified to the market at that time.  The remaining 60 per cent of the 2017 Group Performance Share Award is deferred into Shares with 40 per cent vesting in 2019 and 20 per cent in 2020.
 
 
Name
 
Number of Shares 
Awarded in March 2018 (1)
 
 
 
António Horta-Osório
 
1,555,288
 
 
George Culmer
 
704,426
 
 
Juan Colombás
 
704,426
 
 
Karin Cook
 
382,234
 
 
Antonio Lorenzo
 
598,468
 
 
Vim Maru
 
593,881
 
 
Zak Mian
 
752,996
 
 
David Oldfield
 
656,320
 
 
Janet Pope
 
317,406
 
 
Stephen Shelley
 
604,673
 
 
 
 
1
Based on a Share price of 68.027 pence being the average of the closing Share price of the five trading days prior to the date of award. This is the maximum number of Shares under award which will be subject to income tax and national insurance contributions on vesting.
 
 
 
 
 
 
 
 
Group Ownership Share Plan - 2018 awards
Awards for the 2017 performance period were made on 6 March under the rules of the 2016 Long-Term Incentive Plan. The 2018 awards are subject to a three-year performance period with vesting between the third and seventh anniversary of award, on a pro-rata basis. 
 
Name
 
Maximum number of Shares awarded (1)(2)
 
Expected  value (3)
 
António Horta-Osório
6,725,221
£2,287,483
George Culmer
3,860,925
£1,317,927
Juan Colombás
3,807,302
£1,294,997
Karin Cook
2,772,003
£942,855
Antonio Lorenzo
3,753,678
£1,276,757
Vim Maru
3,587,703
£1,220,303
Zak Mian
3,224,453
£1,096,749
David Oldfield
3,753,678
£1,276,760
Janet Pope
1,708,180
£581,012
Stephen Shelley
2,308,867
£785,327
 
1
Based on a Share price of 68.027 pence being the average of the closing Share price of the five trading days prior to the date of award. As regulations prohibit the payment of dividend equivalents on awards in 2018 and subsequent years, the number of Shares subject to award has been determined by applying a discount factor to the Share price on award, as previously disclosed.  The Remuneration Committee has approved an adjustment of 25 per cent for colleagues who are senior managers, including the Executive Directors.
 
2
Vesting determined in 2021 subject to the satisfaction of stretching performance targets over the performance period ending 31 December 2020.
 
3
The values for the Group Ownership Shares awards are shown at an expected value of 50 per cent of maximum value and before deduction of income tax and NIC. The actual vesting value will depend on the achievement of performance conditions and the Share price at the date of vesting. These awards are subject to clawback for at least seven years from the date of award.
 
ENQUIRIES:
 
Investor Relations
Douglas Radcliffe
Group Investor Relations Director
Email: douglas.radcliffe@
finance.lloydsbanking.com
 
Group Corporate Affairs
Fiona Laffan
Director of Corporate Communications
 
+44 (0) 20 7356 1571
 
 
 
 
 
+44 (0) 20 7356 2081
 
 
 
 
 
 
9 March 2018
 
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
 
António Horta-Osório
2
Reason for the notification
 
a)
Position/status
 
Group Chief Executive
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
1,555,288
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
6,725,221
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
8,280,509
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
George Culmer
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
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
704,426
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,860,925
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
4,565,351
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Juan Colombás
 
2
Reason for the notification
 
a)
Position/status
 
Chief Operating Officer
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
GBP00.68027
704,426
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,807,302
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
4,511,728
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Karin Cook
 
2
Reason for the notification
 
a)
Position/status
 
Group Services Director
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
382,234
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
2,772,003
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
3,154,237
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Antonio Lorenzo
 
2
Reason for the notification
 
a)
Position/status
 
Chief Executive, Scottish Widows and Group Director, Insurance and Wealth
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
598,468
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,753,678
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
4,352,146
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Vim Maru
 
2
Reason for the notification
 
a)
Position/status
 
Group Director, Retail
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
593,881
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,587,703
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
4,181,584
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Zak Mian
 
2
Reason for the notification
 
a)
Position/status
 
Group Director, Transformation
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
752,996
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,224,453
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
3,977,449
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
David Oldfield
 
2
Reason for the notification
 
a)
Position/status
 
Group Director, Commercial Banking
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
656,320
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
3,753,678
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
4,409,998
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Janet Pope
 
2
Reason for the notification
 
a)
Position/status
 
Chief of Staff and Group Director, Corporate Affairs and Responsible Business & Inclusion
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
317,406
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
1,708,180
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
2,025,586
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
1
Details of the person discharging managerial responsibilities / person closely associated
 
a)
Name
 
Stephen Shelley
 
2
Reason for the notification
 
a)
Position/status
 
Chief Risk Officer
 
b)
Initial notification / Amendment
 
Initial Notification
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
Name
 
Lloyds Banking Group plc
b)
LEI
 
549300PPXHEU2JF0AM85
 
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 10p each
 
 
 
GB0008706128
b)
Nature of the transaction
 
 
Award of Shares under the
Group Performance Share Plan for 2017 and the Group Ownership Share Plan
- 2018 awards
c)
Price(s) and volume(s)
 
 
 
 
 
 
Price(s)
 
Volume(s)
 
Award of Shares - 2017 Group Performance Share Award
 
 
GBP00.68027
604,673
 
Award of Shares -
Group Ownership Share Plan
- 2018 awards
 
GBP00. 68027
2,308,867
 
 
 
 
 
 
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
2,913,540
 
GBP00.68027
 
e)
Date of the transaction
 
6 March 2018
f)
Place of the transaction
Outside a trading venue
 
 
 
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.
 
LLOYDS BANKING GROUP plc
 (Registrant)
 
 
 
By: Douglas Radcliffe
Name: Douglas Radcliffe
Title: Group Investor Relations Director
 
 
 
 
 
Date: 09 March 2018