SEC Form 4 · accession 0001209191-17-005490
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor A Staffieri
Officer — Chairman of a PPL Subsidiary
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 2:37 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 Stock | Jan 23, 2017 | M | 35,473 | $34.36 | A | 35,473 | D | |
| Common Stock | Jan 23, 2017 | F | 13,623 | $34.36 | D | 21,850 | D | |
| Common StockF3,F4 | Jan 24, 2017 | S | 21,850 | $34.568 | D | 0 | D |
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)F5,F6 | $0.00 | Jan 23, 2017 | M | 35,473 | D | — | — | Common Stock | 35,473 | 0 | D |
Explanation of responses
- F1Shares withheld by the Company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
- F2Represents the sale of 21,850 shares of common stock pursuant to a 10b5-1 plan, dated August 10, 2016.
- F3The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- F4Represents the weighted average sales price for price increments ranging from $34.300 to $34.660.
- F5Total includes the reinvestment of dividends.
- F6The units vested on January 23, 2017.