SEC Form 4 · accession 0001209191-15-006999
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Farr
Officer — President of a PPL Subsidiary
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 3:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922224
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 26, 2015 | M | 35,420 | $35.71 | A | 75,420 | D | |
| Common Stock | Jan 26, 2015 | F | 12,506 | $35.71 | D | 62,914 | D | |
| Common StockF3,F4 | Jan 27, 2015 | S | 22,914 | $35.721 | D | 40,000 | D | |
| Common Stock | Jan 27, 2015 | M | 13,403 | $35.70 | A | 53,403 | D | |
| Common Stock | Jan 27, 2015 | F | 6,225 | $35.70 | D | 47,178 | D | |
| Common StockF5 | holding | — | — | — | 13 | I | As custodian for daughter under Uniform Gifts to Minor Act. | |
| Common StockF5 | holding | — | — | — | 140 | I | Held in trust pursuant to the Employee Stock Ownership Plan. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Unit (ICP)F6 | $0.00 | Jan 26, 2015 | M | 35,420 | D | — | — | Common Stock | 35,420 | 0 | D |
| Performance Stock Unit (ICP)F7 | $0.00 | Jan 27, 2015 | M | 13,403 | D | — | — | Common Stock | 13,403 | 0 | D |
Explanation of responses
- F1Shares withheld by the Company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Incentive Compensation Plan (ICP).
- F2Represents the sale of 22,914 shares of common stock pursuant to a 10b5-1 plan, dated November 11, 2014.
- F3Represents the weighted average sales price for price increments ranging from $35.510 to $35.850.
- F4The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- F5Total includes the reinvestment of dividends.
- F6The units vested on 01/26/2015.
- F7No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan (ICP), the underlying securities were earned (60%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/22/2015 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2015.