SEC Form 4 · accession 0001209191-15-007010
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor A Staffieri
Officer — President of a PPL Subsidiary
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 3:41 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 | 36,790 | $35.71 | A | 36,790 | D | |
| Common Stock | Jan 26, 2015 | F | 14,461 | $35.71 | D | 22,329 | D | |
| Common Stock | Jan 26, 2015 | M | 73,360 | $29.51 | A | 95,689 | D | |
| Common Stock | Jan 26, 2015 | M | 45,350 | $28.20 | A | 141,039 | D | |
| Common StockF3,F4 | Jan 26, 2015 | S | 118,710 | $35.514 | D | 22,329 | D | |
| Common StockF4,F6 | Jan 27, 2015 | S | 22,329 | $35.721 | D | 0 | D | |
| Common Stock | Jan 27, 2015 | M | 13,921 | $35.70 | A | 13,921 | D | |
| Common Stock | Jan 27, 2015 | F | 6,982 | $35.70 | D | 6,939 | D |
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)F7 | $0.00 | Jan 26, 2015 | M | 36,790 | D | — | — | Common Stock | 36,790 | 0 | D |
| Employee Stock Options (Right to Buy)F8 | $29.51 | Jan 26, 2015 | M | 73,360 | D | — | Jan 23, 2023 | Common Stock | 73,360 | 73,360 | D |
| Employee Stock Options (Right to Buy)F9 | $28.20 | Jan 26, 2015 | M | 45,350 | D | — | Jan 25, 2022 | Common Stock | 45,350 | 0 | D |
| Performance Stock Unit (ICP)F10 | $0.00 | Jan 27, 2015 | M | 13,921 | D | — | — | Common Stock | 13,921 | 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).
- F10No 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.
- F2Represents the exercise of 118,710 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated February 25, 2014.
- F3Represents the weighted average sales price for price increments ranging from $35.330 to $35.645.
- 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.
- F5Represents the sale of 22,329 shares of common stock pursuant to a 10b5-1 plan, dated February 25, 2014.
- F6Represents the weighted average sales price for price increments ranging from $35.510 to $35.855.
- F7The units vested on 01/26/2015.
- F8Represents the exercise of 73,360 stock options from a total grant of 220,080 stock options. 73,360 stock options from this grant were exercised on April 14, 2014. The remaining 73,360 stock options vest on January 24, 2016.
- F9Represents the exercise of 45,350 stock options from a total grant of 136,050 stock options. The total grant of options vested in three installments on January 26, 2013, January 26, 2014 and January 26, 2015.