SEC Form 4 · accession 0001209191-16-093379
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen K Breininger
Officer — Vice President & Controller
Period of report
Jan 21, 2016
Accepted (ET)
Jan 25, 2016 · 1:21 pm EST
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)F3,F1,F2 | — | Jan 21, 2016 | A | 3,409 | A | — | — | Common Stock | 3,409 | 3,409 | D |
| Performance Stock Unit (SIP)F5,F4 | — | Jan 21, 2016 | A | 3,612 | A | — | — | Common Stock | 3,612 | 3,612 | 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.
- F2The units will vest on 01/21/2019.
- F3As of 01/25/2016, total restricted stock units beneficially owned is 11,843.096. This total includes the 03/01/2013 grant of 2,796 restricted stock units, 03/01/2014 grant of 2,743 restricted stock units and the 01/22/2015 grant of 2,895.096 restricted stock units, plus in the case of the 01/22/2015 grant, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/21/2016 grant of 3,409 restricted stock units.
- F4No 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 12/31/2018. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2019.
- F5As of 01/25/2016, total performance units beneficially owned is 8,590.114. This total includes the 06/10/2014 grant of 1,565.112 performance units and the 01/22/2015 grant of 3,413.002 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the 01/21/2016 grant of 3,612 performance units.