SEC Form 4 · accession 0001209191-15-007003
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent Sorgi
Officer — Sr. Vice President and CFO
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 3:34 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 | 7,220 | $35.71 | A | 13,301 | D | |
| Common Stock | Jan 26, 2015 | F | 2,400 | $35.71 | D | 10,901 | D | |
| Common Stock | Jan 27, 2015 | M | 2,731 | $35.70 | A | 13,632 | D | |
| Common Stock | Jan 27, 2015 | F | 870 | $35.70 | D | 12,762 | D | |
| Common StockF2 | holding | — | — | — | 101 | 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)F3 | $0.00 | Jan 26, 2015 | M | 7,220 | D | — | — | Common Stock | 7,220 | 0 | D |
| Performance Stock Unit (ICP)F4 | $0.00 | Jan 27, 2015 | M | 2,731 | D | — | — | Common Stock | 2,731 | 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).
- F2Total includes the reinvestment of dividends.
- F3The units vested on 01/26/2015.
- F4No 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.