Form 6-K REED ELSEVIER PLC For: Mar 03

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March 3, 2015 1:35 PM EST
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

3 March 2015

Reed Elsevier PLC
———————————————————————————————————
(Translation of registrant’s name into English)
 
1-3 Strand
London
WC2N 5JR
———————————————————————————————————
(Address of principal executive office)
 
Reed Elsevier NV
———————————————————————————————————
(Translation of registrant’s name into English)
 
Radarweg 29 1043 NX Amsterdam PO Box 470 1000 AL Amsterdam
———————————————————————————————————
(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:  [x] Form 20-F    [ ] Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  [ ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  [ ]
 
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    [x] No
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 
  
Director/PDMR Shareholding 03.03.2015
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.
 
    Reed Elsevier PLC
     
Date: 03/03/2015 By: A McCulloch
  Name:  A McCulloch
  Title: Deputy Secretary
     
    Reed Elsevier NV
     
Date: 03/03/2015 By: A McCulloch
  Name:  A McCulloch
  Title: Authorised Signatory
     
EXHIBIT INDEX

Exhibit No.   Description
 
99   Director/PDMR Shareholding 03.03.2015
     

ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

3 March 2015

Director/PDMR Shareholdings

Reed Elsevier announces that on 2 and 3 March 2015 it received notification of the following transactions in the securities of Reed Elsevier by Erik Engstrom and Nick Luff, Directors, and Ian Fraser and Henry Udow, PDMRs:

(a) Reed Elsevier Group plc Bonus Investment Plan 2010 (“BIP”)

Vesting of matching shares

In connection with the vesting on 27 February 2015 of the share awards granted in May 2012 under BIP, the table below shows the total numbers of shares which vested and the numbers of shares actually released to Erik Engstrom, Ian Fraser and Henry Udow after taking account of shares withheld to meet personal tax and social security obligations.

                                 
 
   No. of Reed   No. of Reed   No. of Reed   No. of Reed
 
   Elsevier PLC   Elsevier NV   Elsevier PLC   Elsevier NV
 
   ordinary   ordinary   ordinary   ordinary
 
   shares/ADRs* vested   shares/ADRs* vested   shares/ADRs*   shares/ADRs*
 
                   released   released
 
                                
Director
                                
 
                                
Erik Engstrom
             66,304 *             35,141 *
 
                                
PDMR
                                
 
                                
Ian Fraser
     39,461               20,914          
 
                                
Henry Udow
     42,034               22,278          
 
                                
 
     10,327 *             5,473 *        
 
                                

*Denotes vesting/release of ADRs. Each Reed Elsevier PLC ADR represents 4 Reed Elsevier PLC ordinary shares. Each Reed Elsevier NV ADR represents 2 Reed Elsevier NV ordinary shares.

The closing market price of each security on the date of vesting was £11.18 per Reed Elsevier PLC ordinary share, $69.02 per Reed Elsevier PLC ADR and $49.58 per Reed Elsevier NV ADR.

(b) Reed Elsevier Group plc Long Term Incentive Plan (“LTIP”)

Vesting of performance shares

In connection with the vesting on 27 February 2015 of the share awards granted in May 2012 under LTIP, the table below shows the total numbers of shares which vested and the numbers of shares actually released to Ian Fraser and Henry Udow after taking account of shares withheld to meet personal tax and social security obligations.

                                 
       
No. of Reed
   No. of Reed   No. of Reed   No. of Reed
       
Elsevier PLC
   Elsevier NV   Elsevier PLC   Elsevier NV
       
ordinary shares
   ordinary shares   ordinary shares   ordinary shares
       
vested
   vested   released   released
       
 
                        
PDMR
     
Ian Fraser  
56,499
     39,708       29,944       21,045  
       
 
                        
Henry Udow  
52,875
     37,161       28,023       19,695  
       
 
                        

The closing market price of each security on the date of vesting was £11.18 per Reed Elsevier PLC ordinary share and €22.20 per Reed Elsevier NV ordinary share.

(c) Reed Elsevier Group plc Growth Plan 2010 (“REGP”)

Vesting of Deferred Performance shares

In connection with the vesting on 27 February 2015 of the shares awarded in May 2010 under REGP (which were performance tested in H1 2013 and became deferred performance shares at that time), the table below shows the total numbers of shares which vested and the numbers of shares actually released to Erik Engstrom after taking account of shares withheld to meet personal tax and social security obligations.

                                 
       
No. of Reed
   No. of Reed   No. of Reed   No. of Reed
       
Elsevier PLC
   Elsevier NV   Elsevier PLC   Elsevier NV
       
ordinary shares
   ordinary shares   ordinary shares   ordinary shares
       
vested
   vested   released   released
       
 
                        
Director
     
Erik Engstrom  
214,855
     141,094       113,873       74,779  
       
 
                        

Vesting of Matching shares

In connection with the vesting on 27 February 2015 of the matching shares awarded in April 2013, under REGP, the table below shows the total number of shares which vested and the numbers of shares actually released to Erik Engstrom after taking account of shares withheld to meet personal tax and social security obligations.

                                 
        No. of Reed   No. of Reed  
No. of Reed
   No. of Reed
        Elsevier PLC   Elsevier NV  
Elsevier PLC
   Elsevier NV
        ordinary   ordinary  
ordinary
   ordinary
        shares/ADRs* vested   shares/ADRs* vested  
shares/ADRs*
   shares/ADRs*
                       
released
   released
                       
 
        
Director
     
Erik Engstrom     262,114       344,722    
138,920
     182,702  
                       
 
        
          3,654 *     21,283 *  
1,936*
     11,279 *
                       
 
        

*Denotes vesting/release of ADRs. Each Reed Elsevier PLC ADR represents 4 Reed Elsevier PLC ordinary shares. Each Reed Elsevier NV ADR represents 2 Reed Elsevier NV ordinary shares.

The closing market price of each security on the date of vesting was £11.18 per Reed Elsevier PLC ordinary share, €22.20 per Reed Elsevier NV ordinary share, $69.02 per Reed Elsevier PLC ADR and $49.58 per Reed Elsevier NV ADR.

(d) Vesting of performance shares

In connection with the vesting on 27 February 2015 of the one-off share award granted to Nick Luff in September 2014 to compensate him for the forfeiture of awards from his former employer, the table below shows the total number of shares which vested and the number of shares actually released to Nick Luff after taking account of shares withheld to meet personal tax and social security obligations.

                                 
       
No. of Reed
   No. of Reed   No. of Reed   No. of Reed
       
Elsevier PLC
   Elsevier NV   Elsevier PLC   Elsevier NV
       
ordinary shares
   ordinary shares   ordinary shares   ordinary shares
       
vested
   vested   released   released
       
 
                        
Director
     
Nick Luff  
65,656
     46,963       34,797       24,890  
       
 
                        

The closing market price of each security on the date of vesting was £11.18 per Reed Elsevier PLC ordinary share and €22.20 per Reed Elsevier NV ordinary share.

(e) Sale of shares

On 3 March 2015 Erik Engstrom, sold the following securities set out below.

                     
   
No. of Reed
Elsevier PLC
ordinary shares
sold
  Price per Reed
Elsevier PLC
ordinary share 		  No. of Reed
Elsevier NV
ordinary shares
sold 		  Price per Reed
Elsevier NV
ordinary share
   
 
               
Director  

 
 
 
   

 
 
 
Erik Engstrom  
11,512
  £11.1579     5,209     €22.2886
   
 
               

(f) Purchase of shares

On 3 March 2015 Nick Luff purchased the following securities set out below.

                     
   
No. of Reed
Elsevier PLC
ordinary shares
purchased
  Price per Reed
Elsevier PLC
ordinary share 		  No. of Reed
Elsevier NV
ordinary shares
purchased 		  Price per Reed
Elsevier NV
ordinary share
   
 
               
Director  

 
 
 
   

 
 
 
Nick Luff  
15,550
  £11.2071     10,620     €22.48
   
 
               

Following these transactions, the current interests of Erik Engstrom and Nick Luff in the share capital of Reed Elsevier PLC and Reed Elsevier NV are:

                 
 
   No. of Reed Elsevier PLC   No. of Reed Elsevier NV
 
   ordinary shares   ordinary shares
 
                
Director
                
 
                
Erik Engstrom
     367,577       861,877  
 
                
Nick Luff
     67,534       47,616  
 
                

- ENDS -

Enquiries

Paul Abrahams (Media)
+44 20 7166 5724

Colin Tennant (Investors)
+44 20 7166 5751


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