SEC Form 4 · accession 0001209191-16-095686
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William H Spence
Officer — Chairman, President and CEO
Period of report
Feb 3, 2016
Accepted (ET)
Feb 4, 2016 · 3:09 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 StockF2 | Feb 3, 2016 | M | 63,445 | $23.20 | A | 123,811 | D | |
| Common StockF2 | Feb 3, 2016 | S | 63,445 | $37.00 | D | 60,366 | D | |
| Common StockF2 | holding | — | — | — | 119 | I | Held in trust pursuant to the Employee Stock Ownership Plan. | |
| Common Stock | holding | — | — | — | 12,824 | I | Held in trust for benefit of Mr. Spence's wife. |
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)F3 | $23.20 | Feb 3, 2016 | M | 63,445 | D | — | Jan 26, 2021 | Common Stock | 63,445 | 0 | D |
Explanation of responses
- F1This Form 4 report reflects the exercise of 63,445 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated November 6, 2015.
- F2Total includes the reinvestment of dividends.
- F3Represents the exercise of 63,445 stock options from a total grant of 190,335 options that vested in three installments on January 27, 2012, January 27, 2013 and January 27, 2014.