SEC Form 4/A · accession 0001209191-16-114186
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Robert A Symons
Officer — Chief Exec of a PPL Subsidiary
Period of report
Apr 1, 2016
Accepted (ET)
Apr 14, 2016 · 2:21 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock Unit (SIP)F2,F3,F4,F1 | — | Apr 1, 2016 | A | 2,770 | A | — | — | Common Stock | 2,770 | 2,770 | D |
Explanation of responses
- F1No 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.
- F2The number of performance units awarded was based on an increase in Mr. Symons' compensation measured in British Pounds Sterling, converted to U.S. dollars and then divided by the NYSE closing price of PPL Corporation common stock on April 1, 2016.
- F3This amended Form 4 report is being filed to add Transaction Code "V" indicating that the original Form 4 report filed on April 6, 2016 was filed voluntarily, earlier than required.
- F4As of 04/06/2016, total performance units beneficially owned is 37,594.907. This total includes the 01/23/2014 grant of 14,121.564 performance units, the 01/22/2015 grant of 10,760.383 performance units and the 01/21/2016 grant of 9,942.96 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 current grant of 2,770 performance units.