SEC Form 4 · accession 0001209191-19-005292
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Swift
Officer — Chief Exec of a PPL Subsidiary
Period of report
Jan 24, 2018
Accepted (ET)
Jan 25, 2019 · 2:00 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Unit (SIP)F3,F1,F2 | — | Jan 24, 2019 | A | 2,717 | A | — | — | Common Stock | 2,717 | 2,717 | D |
| Performance Stock Unit (SIP)F5,F4 | — | Jan 24, 2019 | A | 5,434 | A | — | — | Common Stock | 5,434 | 5,434 | D |
| Performance Stock Unit (SIP)F5,F6 | — | Jan 24, 2019 | A | 5,434 | A | — | — | Common Stock | 5,434 | 5,434 | D |
| Performance Stock Unit (SIP)F5,F7 | — | Jan 24, 2019 | J | 4,369 | D | — | — | Common Stock | 4,369 | 0 | D |
Explanation of responses
- F1No 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.
- F2The units will vest on 01/24/2022.
- F3As of 01/25/2019, total restricted stock units beneficially owned is 12,005. This total includes the 03/01/2016 grant of 2,978 restricted stock units, the 01/26/2017 grant of 1,185 restricted stock units, the 02/17/2017 grant of 3,255 restricted stock units, the 01/25/2018 grant of 1,706 restricted stock units, the 12/20/2018 grant of 164 restricted stock units, and the 01/24/2019 grant of 2,717 restricted stock units.
- F4No 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 12/31/2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022.
- F5As of 01/25/2019, total performance units beneficially owned is 23,990.298. This total includes the 01/26/2017 grants of 3,933.122 and 1,311.04 performance units, the 01/25/2018 grants of 3,612.068 and 3,612.068 performance units, and the 12/20/2018 grants of 327 and 327 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 01/24/2019 grants of 5,434 and 5,434 performance units.
- F6No 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, 2021. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2022.
- F7No conversion or exercise price or exercise or expiration date applies.
- F8Represents 0% payout of performance units granted in 2016 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period.