FORM 6-K
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a - 16 or 15d - 16 of
 
the Securities Exchange Act of 1934
 
 
For the month of March
 
HSBC Holdings plc
 
42nd Floor, 8 Canada Square, London E14 5HQ, England
 
(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
 
(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ..............).
 
 
 
 
HSBC HOLDINGS PLC
 
1 March 2017
 
Notification of Transactions by Persons Discharging Managerial Responsibilities (“PDMRs”)
 
 
On 27 February 2017, the following awards of US$0.50 ordinary shares (the “Shares”) in HSBC Holdings plc (the “Company”) were granted under the HSBC Share Plan 2011. The Awards were made in London and are based upon the closing Share price on the London Stock Exchange on 24 February 2017 of £6.5030.
Long Term Incentive Awards
Long term incentive awards (“LTI awards”) were made to the Executive Directors as part of variable pay for the performance year ended 31 December 2016. The LTI award is an award of Shares with a three-year performance period commencing on 1 January 2017 and ending on 31 December 2019. At the end of this performance period, the number of Shares that will vest will be determined based on an assessment of performance against financial and non-financial measures, as detailed in the Directors’ Remuneration Report in the 2016 Annual Report and Accounts. Subject to that assessment, the shares will vest in five equal annual instalments, with the first vesting taking place in March immediately following the end of the performance period and the remainder in equal annual instalments thereafter. Upon vesting, a six-month retention period applies.
Directors
Name
 
Shares awarded
 
Stuart Gulliver
 
613,562
Iain Mackay
 
343,226
 
Marc Moses
 
343,226
 
 
Annual Incentive Awards
 
Awards of (i) immediately vested and (ii) deferred Shares were made under the HSBC Share Plan 2011. These awards relate to the performance year ended 31 December 2016 and comprise part of the Group’s annual incentive arrangements. The awards were determined by assessing performance during the year against financial and non-financial metrics. For Executive Directors, the performance assessment is detailed in the Directors’ Remuneration Report in the 2016 Annual Report and Accounts. Upon vesting, a six-month retention period applies.
 
(i)
Immediately vested awards
Directors
Name
 
Shares awarded
 
Shares sold in respect of Income Tax and Social Security liabilities at £6.4994 per share
 
Net shares vested
 
Stuart Gulliver
 
260,648
122,505
138,143
Iain Mackay
 
151,776
 
71,335
 
80,441
 
Marc Moses
 
154,544
 
72,636
 
81,908
 
 
 
Other PDMRs
Name
 
Shares awarded
 
Shares sold in respect of Income Tax and Social Security liabilities at £6.4994 per share
 
Net shares vested
 
Samir Assaf
 
112,715
 
52,977
 
59,738
 
Peter Boyles
 
45,206
 
20,343
 
24,863
 
Patrick Burke
 
71,101
 
39,689
 
31,412
 
John Flint
 
67,242
 
31,604
 
35,638
 
Andy Maguire
 
62,295
 
29,279
 
33,016
 
Paulo Maia
 
33,616
 
11,766
 
21,850
 
Noel Quinn
 
47,628
 
22,386
 
25,242
 
Antonio Simoes
 
45,700
 
21,480
 
24,220
 
Peter Wong
 
69,808
 
10,472
 
59,336
 
 
(ii)
Deferred Award
The award will vest in five equal annual tranches commencing in March 2020. Upon vesting, a six-month retention period applies.
Other PDMRs
Name
 
Shares awarded
 
Samir Assaf
 
169,073
 
Peter Boyles
 
67,809
 
Patrick Burke*
 
106,652
 
John Flint
 
100,863
 
Andy Maguire
 
93,442
 
Paulo Maia*
 
50,425
 
Noel Quinn
 
71,443
 
Antonio Simoes
 
68,550
 
Peter Wong*
 
104,712
 
*Awards vest in five equal annual tranches commencing in March 2018.
 
 
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
 
Stuart Gulliver
 
 
 
2 - Reason for the notification
 
Position/status
 
 
Group Chief Executive
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
 
HSBC Holdings plc
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares
of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
874,210
£5,684,987.63
 
Aggregated
£6.503
 
874,210
£5,684,987.63
 
Date of Transaction
Financial Instrument
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
122,505
£796,209.00
 
Aggregated
£6.499
 
122,505
£796,209.00
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Iain Mackay
 
 
2 - Reason for the notification
 
Position/status
 
Group Finance Director
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
 
495,002
£3,218,998.01
Aggregated
£6.503
 
495,002
£3,218,998.01
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
 
71,335
£463,634.70
Aggregated
£6.499
 
71,335
£463,634.70
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Marc Moses
 
 
2 - Reason for the notification
 
Position/status
 
Group Chief Risk Officer
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
497,770
£3,236,998.31
 
Aggregated
£6.503
497,770
£3,236,998.31
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
 
72,636
£472,090.42
Aggregated
£6.499
 
72,636
£472,090.42
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Samir Assaf
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive, Global Banking and Markets
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
281,788
£1,832,467.36
 
Aggregated
£6.503
281,788
£1,832,467.36
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
 
52,977
£344,318.71
Aggregated
£6.499
 
52,977
£344,318.71
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Peter Boyles
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive of Global Private Banking
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
113,015
£734,936.54
 
Aggregated
£6.503
113,015
£734,936.54
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
20,343
£132,217.29
 
Aggregated
£6.499
20,343
£132,217.29
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Patrick Burke
 
 
2 - Reason for the notification
 
Position/status
 
President and Chief Executive of HSBC US
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
177,753
£1,155,927.76
 
Aggregated
£6.503
177,753
£1,155,927.76
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
39,689
£257,954.69
 
Aggregated
£6.499
39,689
£257,954.69
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
John Flint
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive, Retail Banking and Wealth Management
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
168,105
£1,093,186.82
 
Aggregated
£6.503
168,105
£1,093,186.82
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
31,604
£205,407.04
 
Aggregated
£6.499
31,604
£205,407.04
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Andy Maguire
 
 
2 - Reason for the notification
 
Position/status
 
Group Chief Operating Officer
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
Full name of the entity
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
155,737
£1,012,757.71
 
Aggregated
£6.503
155,737
£1,012,757.71
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
29,279
£190,295.93
 
Aggregated
£6.499
29,279
£190,295.93
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Paulo Maia
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive, Latin America
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
84,041
£546,518.62
 
Aggregated
£6.503
84,041
£546,518.62
 
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
11,766
£76,471.94
 
Aggregated
£6.499
11,766
£76,471.94
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Noel Quinn
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive, Global Commercial Banking
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
119,071
£774,318.71
 
Aggregated
£6.503
119,071
£774,318.71
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
22,386
£145,495.57
 
Aggregated
£6.499
22,386
£145,495.57
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Antonio Simoes
 
 
2 - Reason for the notification
 
Position/status
 
Chief Executive, HSBC Bank plc
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
Full name of the entity
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
114,250
£742,967.75
 
Aggregated
£6.503
114,250
£742,967.75
 
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
21,480
£139,607.11
 
Aggregated
£6.499
21,480
£139,607.11
 
 
 
1 - Details of the person discharging managerial responsibilities / person closely associated
 
Name of natural person
 
Peter Wong
 
 
2 - Reason for the notification
Position/status
Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited
 
 
Initial notification/amendment
Initial Notification
 
3 - Details of the issuer, emission allowance market participant, auction platform, auctioneer or
     auction monitor
 
Full name of the entity
 
HSBC Holdings plc
 
 
Legal Entity Identifier code
MLU0ZO3ML4LN2LL2TL39
 
 
4 - Details of the transaction(s)
 
  Transaction(s) summary table
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Acquisition
 
Price
 
Volume
Total
 
£6.50
174,520
£1,134,903.56
 
Aggregated
£6.503
174,520
£1,134,903.56
 
Date of Transaction
Financial Instrument
 
Identification Code
Place of Transaction
Currency
2017-02-27
Ordinary shares of US$0.50 each
GB0005405286
London Stock Exchange, Main Market (XLON)
GBP – British Pound
Nature of Transaction:
 
Disposal
 
Price
 
Volume
Total
 
£6.50
10,472
£68,061.72
 
Aggregated
£6.499
10,472
£68,061.72
 
 
For any queries related to this notification please contact:
Lauren Brown
Shareholder Services Team
020 7992 3761
 
 
 
 
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.
 
 
HSBC Holdings plc
 
 
 
By:
 
Name: Ben J S Mathews
 
Title: Group Company Secretary
 
 
 
Date: 01 March 2017