In this paper, behavior of foundation plates with transverse shear deformation under time variable loading is presented using modified Vlasov foundation model. Finite element formulation of thick plates on elastic foundation is derived by using an 8-noded finite element based on Mindlin plate theory. Selective reduced integration technique is used to avoid shear locking problem which arises when smaller plate thickness is considered for the evaluation of the stiffness matrices. After comparisons are made with the results given in the literature, the effects of the ratio of plate thickness to shorter span of the plate, aspect ratio, subsoil depth, loaded area, time variable loading type and pulse duration of impulsive load on its responses are analyzed. The results demonstrate that these parameters have significant influence on the dynamic behavior of the plate on elastic foundation.