SEC Form 4 · accession 0001209191-16-119793
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Symons
Officer — Chief Exec of a PPL Subsidiary
Period of report
May 12, 2016
Accepted (ET)
May 13, 2016 · 12:57 pm EDT
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 (phantom)F1 | May 12, 2016 | M | 28,880 | — | A | 42,781 | D | |
| Common Stock (phantom)F1 | May 12, 2016 | M | 30,804 | — | A | 73,585 | D | |
| Common Stock (phantom) | May 12, 2016 | D | 59,684 | $38.71 | D | 13,901 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock OptionF1,F2 | — | May 12, 2016 | M | 28,880 | D | — | Feb 15, 2017 | Common Stock | 28,880 | 0 | D |
| Phantom Stock OptionF1,F3 | — | May 12, 2016 | M | 30,804 | D | — | Feb 15, 2023 | Common Stock | 30,804 | 0 | D |
Explanation of responses
- F1Each share of phantom stock represents the economic equivalent of one share of PPL common stock. The phantom stock option entitles the holder, upon exercise, to receive an amount, in cash from the holder's employer, equal to the amount by which the market price of PPL common stock on the exercise date exceeds the price of PPL common stock on the date of grant of the phantom stock option.
- F2A grant of 43,321 phantom stock options vested in three installments of 14,441 options on February 15, 2008, 14,440 options on February 15, 2009 and 14,440 options on February 15, 2010.
- F3A grant of 92,414 phantom stock options vested in three installments of 30,805 options on February 15, 2014, 30,805 options on February 15, 2015 and 30,804 options on February 15, 2016.