SEC Form 4 · accession 0001209191-15-007011

PPL Corp · PPL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Exec of a PPL Subsidiary

Period of report

Jan 26, 2015

Accepted (ET)

Jan 28, 2015 · 3:43 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
Common Stock	Jan 26, 2015	M	13,260	$35.71	A	13,260	D
Common Stock	Jan 26, 2015	F	6,233	$35.71	D	7,027	D
Common Stock	Jan 27, 2015	M	5,018	$35.70	A	12,045	D
Common Stock	Jan 27, 2015	F	2,359	$35.70	D	9,686	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Unit (ICPKE)^F2	$0.00	Jan 26, 2015	M	13,260	D	—	—	Common Stock	13,260	0	D
Performance Stock Unit (ICPKE)^F3	$0.00	Jan 27, 2015	M	5,018	D	—	—	Common Stock	5,018	0	D

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 for Key Employees (ICPKE).
F2The units vested on 01/26/2015.
F3No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.