6-K
Table of Contents

 

 

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 October, 2014

Commission File Number: 001-09531

 

 

Telefónica, S.A.

(Translation of registrant’s name into English)

 

 

Distrito Telefónica, Ronda de la Comunicación s/n,

28050 Madrid, Spain

3491-482 87 00

(Address of principal executive offices)

 

 

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 if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  ¨            No   x

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):

Yes  ¨            No   x

Indicate by check mark whether by furnishing the information contained in this Form, the registrant 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): N/A

 

 

 

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Telefónica, S.A.

TABLE OF CONTENTS

 

Item

         Sequential
Page
Number
1.    Telefónica – PIP cycle I    3

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LOGO

RAMIRO SÁNCHEZ DE LERÍN GARCÍA-OVIES

Secretary General and

of the Board of Directors

TELEFÓNICA, S.A.

In accordance with Article 47 of Royal Decree 1362/2007 of October 19, and Article 82 of the Spanish Stock Market Act, (Ley del Mercado de Valores), TELEFÓNICA, S.A. hereby discloses the following

SIGNIFICANT EVENT

In connection with the long-term incentive plan consisting in the granting of shares of TELEFÓNICA, S.A.,—called Performance & Investment Plan (“PIP”)- aimed at Telefonica Group Executives (including Executive Directors of Telefónica, S.A.), and approved by the Annual General Shareholders Meeting held on May 30, 2014, (which determined, also, the maximum number possible of shares to be received by the Executive Directors of Telefonica, SA at the end of the first cycle of the Plan), its informed that the Board of Directors of Telefónica, S.A., following a relevant favorable report of the Nominating, Compensation and Corporate Governance Committee, has approved, with regard to the first cycle (2014-2017) of the PIP, the amount of theoretical shares to be assigned to the other Executives, and the maximum number possible of shares to be received by them, in the event of fulfillment of the Co-investment requirement and of maximum achievement of the Total Shareholder Return (TSR) established on the aforementioned Plan.

It is attached as Schedule I, the detail of such information.

Madrid, October 27, 2014.

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SCHEDULE I

List of Directors and Executives who are Beneficiaries of the PIP

(First cycle 2014-2017)

I.- Executive Directors.

 

First name and surname

    Theoretical
shares assigned		      %
Share Capital		     Maximum
Number
of Shares *		      %
Share Capital		  

D. César Alierta Izuel

      324.000         0,007 %      506.250         0,011 % 

D. José María Álvarez-Pallete López

      192.000         0,004 %      300.000         0,007 % 

D. Santiago Fernández Valbuena

      104.000         0,002 %      162.500         0,004 % 

 

* Maximum number of shares to receive in case of fulfillment of the co-investment requirement and of maximum achievement of the TSR objective.

II.- Other Executives.

 

First name and surname

    Theoretical
shares assigned		      %
Share Capital		     Maximum
Number
of Shares *		      %
Share Capital		  

D. Ángel Vilá Boix

      120.000         0,003 %      187.500         0,004 % 

D. Guillermo Ansaldo Lutz

      104.000         0,002 %      162.500         0,004 % 

D. Ramiro Sánchez de Lerín García-Ovies

      60.000         0,001 %      93.750         0,002 % 

D. Eduardo Navarro de Carvalho

      60.000         0,001 %      93.750         0,002 % 

 

* Maximum number of shares to receive in case of fulfillment of the co-investment requirement and of maximum achievement of the TSR objective.

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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.

 

  Telefónica, S.A.
Date: October 27, 2014   By:  

/s/ Ramiro Sánchez de Lerín García-Ovies

    Name:   Ramiro Sánchez de Lerín García-Ovies
    Title:   General Secretary and Secretary to the Board of Directors