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 May, 2015


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-




 
18 May 2015
 
AVIVA PLC ("Aviva")
 
NOTIFICATION OF TRANSACTIONS OF DIRECTORS
 
Aviva announces that:
 
·    On 18 May 2015, the undernoted Executive Directors (EDs) were granted conditional awards over Aviva plc ordinary shares under the Aviva Long Term Incentive Plan 2011 ("LTIP") and the Aviva Annual Bonus Plan 2011
      ("ABP").  The ABP awards represent the deferral, for a period of three years, of 66.6% of the bonuses paid to Directors in respect of 2014.
 
·    The awards are being made in line with the disclosures made in the 2014 Annual Report and Accounts and in line with the policy approved by shareholders at the 2015 AGM.  The LTIP awards are in line with the announcement
      made on 10 April 2015 thus making an award of 300% basic salary to Mr Wilson and 225% of basic salary to Mr Stoddard.  This is also in line with the announcement made on 29 April 2015 thus making an LTIP award of 225% of
      basic salary to Mr Briggs.
 
·    The LTIP and ABP awards for the EDs will vest in 2018 in accordance with the plan rules.
 
·    The LTIP award will be subject to a two year post vest holding period therefore the EDs will be able to access any vested shares in 2020.
 
·    The LTIP awards are subject to the achievement of performance targets (50% based on absolute Return on Equity and 50% based on relative Total Shareholder Return against a comparator group) measured over a three year
      performance period from 1 January 2015 to 31 December 2017. The amounts shown below represent the maximum possible opportunity. 
 
·    Under the ABP and LTIP, additional shares are awarded at vesting in lieu of dividends on shares that vest.
 
·    The LTIP awards were made for nil consideration. 
 
·    The prices used to calculate the number of ABP and LTIP shares awarded was £5.64, being the average of the mid-market closing price of an Aviva ordinary share on the three consecutive business days immediately preceding 23
      March 2015.
 
 
Executive Director
Number of ABP shares awarded
Number of LTIP shares awarded
Mark Wilson
150,591
521,276
Thomas Stoddard
62,228
269,281
Andy Briggs
  
276,014
 
This announcement, in relation to transactions in London, United Kingdom, is made pursuant to Disclosure and Transparency Rule 3.1.4. Aviva was notified of the above transactions on 18 May 2015.
 
 
Media Enquiries:
 
Andrew Reid                                                                              +44 (0)7800 694276
 
Share Award Enquiries:
 
Liz Nicholls, Company Secretarial                                          +44 (0)207 662 8358
 
 

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 18 May, 2015
 
AVIVA PLC
   
 
By: /s/ K.A. Cooper
   
 
K.A. Cooper
 
Group Company Secretary