SEC Form 4 · accession 0001209191-17-006101
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Paul W Thompson
Officer — President of a PPL Subsidiary
Period of report
Jan 26, 2017
Accepted (ET)
Jan 30, 2017 · 3:59 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 27, 2017 | M | 7,096 | $34.41 | A | 13,550 | D | |
| Common Stock | Jan 27, 2017 | F | 2,523 | $34.41 | D | 11,027 | 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)F4,F2,F3 | — | Jan 26, 2017 | A | 4,287 | A | — | — | Common Stock | 4,287 | 4,287 | D |
| Performance Stock Unit (SIP)F6,F5 | — | Jan 26, 2017 | A | 12,860 | A | — | — | Common Stock | 12,860 | 12,860 | D |
| Performance Stock Unit (SIP)F6,F7 | — | Jan 26, 2017 | A | 4,287 | A | — | — | Common Stock | 4,287 | 4,287 | D |
| Performance Stock Unit (ICPKE)F8,F6,F9 | $0.00 | Jan 27, 2017 | M | 7,096 | D | — | — | Common Stock | 7,096 | 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 Incentive Compensation Plan for Key Employees (ICPKE).
- F2No 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.
- F3The units will vest on 01/26/2020.
- F4As of 01/30/2017, the total restricted stock units beneficially owned is 25,769. This total includes the 01/22/2015 grant of 8,668 restricted stock units, 01/21/2016 grant of 8,478 restricted stock units, 01/03/2017 grant of 4,336 restricted stock units and the 01/26/2017 grant of 4,287 restricted stock units.
- F5No 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 12/31/2019. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2020.
- F6As of 01/30/2017, total performance units beneficially owned is 53,398.336. This total includes the 01/22/2015 grant of 9,539.30 performance units, 01/21/2016 grant of 9,368.036 performance units and the 01/03/2017 grants of 17,344 performance units, plus in the case of the 01/22/2015 and 01/21/2016 grants, 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 01/26/2017 grants of 12,860 and 4,287 performance units.
- F7No 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 return on equity over a three-year performance period ending December 31, 2019. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2020.
- F8Total includes the reinvestment of dividends.
- F9No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (62%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2016. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/26/2017 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2017.