SEC Form 4 · accession 0001209191-15-055282
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
Jun 19, 2015
Accepted (ET)
Jun 22, 2015 · 11:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000922224
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Unit (SIP)F4,F1,F3 | — | Jun 19, 2015 | J | 602 | A | — | — | Common Stock | 602 | 8,578 | D |
| Stock Unit (SIP)F4,F1,F5 | — | Jun 19, 2015 | J | 554 | A | — | — | Common Stock | 554 | 7,891 | D |
| Stock Unit (SIP)F4,F1,F6 | — | Jun 19, 2015 | J | 906 | A | — | — | Common Stock | 906 | 12,928 | D |
| Performance Stock Unit (SIP)F4,F7 | — | Jun 19, 2015 | J | 363 | A | — | — | Common Stock | 363 | 5,171 | D |
| Performance Stock Unit (SIP)F4,F8 | — | Jun 19, 2015 | J | 541 | A | — | — | Common Stock | 541 | 7,709 | D |
| Performance Stock Unit (SIP)F4,F8 | — | Jun 19, 2015 | J | 336 | A | — | — | Common Stock | 336 | 4,788 | D |
| Performance Stock Unit (SIP)F4,F9 | — | Jun 19, 2015 | J | 1,153 | A | — | — | Common Stock | 1,153 | 16,450 | D |
Explanation of responses
- F1No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.
- F2Reflects adjustment to previously granted restricted stock units or performance units in respect of the June 1, 2015 spinoff of Talen Energy Corporation.
- F3Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 24, 2016.
- F4Total includes the reinvestment of dividends.
- F5Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 23, 2017.
- F6Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 22, 2018.
- F7No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending December 31, 2015. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2016.
- F8No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending December 31, 2016. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2017.
- F9No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending December 31, 2017. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2018.