SEC Form 4 · accession 0001209191-15-009288
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Gabbard
Officer — President of a PPL subsidiary
Period of report
Feb 3, 2015
Accepted (ET)
Feb 4, 2015 · 1:50 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 | Feb 3, 2015 | M | 18,477 | $25.74 | A | 72,421 | D | |
| Common Stock | Feb 3, 2015 | M | 36,800 | $28.20 | A | 109,221 | D | |
| Common Stock | Feb 3, 2015 | M | 35,030 | $31.93 | A | 144,251 | D | |
| Common Stock | Feb 3, 2015 | M | 32,140 | $31.17 | A | 176,391 | D | |
| Common Stock | Feb 3, 2015 | M | 62,013 | $29.51 | A | 238,404 | D | |
| Common StockF2,F3 | Feb 3, 2015 | S | 184,460 | $36.002 | D | 53,944 | D | |
| Common StockF4 | holding | — | — | — | 80 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F5 | $25.74 | Feb 3, 2015 | M | 18,477 | D | — | Jan 26, 2021 | Common Stock | 18,477 | 0 | D |
| Employee Stock Options (Right to Buy)F6 | $28.20 | Feb 3, 2015 | M | 36,800 | D | — | Jan 25, 2022 | Common Stock | 36,800 | 0 | D |
| Employee Stock Options (Right to Buy)F7 | $31.93 | Feb 3, 2015 | M | 35,030 | D | — | Jan 21, 2019 | Common Stock | 35,030 | 0 | D |
| Employee Stock Options (Right to Buy)F8 | $31.17 | Feb 3, 2015 | M | 32,140 | D | — | Jan 20, 2020 | Common Stock | 32,140 | 0 | D |
| Employee Stock Options (Right to Buy)F9 | $29.51 | Feb 3, 2015 | M | 62,013 | D | — | Jan 23, 2023 | Common Stock | 62,013 | 31,007 | D |
Explanation of responses
- F1This Form 4 report reflects the exercise of 184,460 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated December 12, 2014.
- F2Represents the weighted average sales price for price increments ranging from $36.000 to $36.010.
- F3The 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.
- F4Total includes the reinvestment of dividends.
- F5Represents the exercise of 18,477 stock options from a total grant of 55,430 options. The total grant of options vested in three installments on January 27, 2012, January 27, 2013 and January 27, 2014.
- F6Represents the exercise of 36,800 stock options from a total grant of 55,200 options. The total grant of options vested in three equal installments on January 26, 2013, January 26, 2014 and January 26, 2015.
- F7Represents the exercise of a total grant of 35,030 stock options. The total grant of options vested in three installments on January 22, 2010, January 22, 2011 and January 22, 2012.
- F8Represents the exercise of a total grant of 32,140 stock options. The total grant of options vested in three installments on January 21, 2011, January 21, 2012 and January 21, 2013.
- F9Represents the exercise of 62,013 stock options from a total grant of 93,020 options. The remaining 31,007 options vest on January 24, 2016.