SEC Form 3 · accession 0001209191-19-017611
PPL Corp · PPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marlene C Beers
Officer — Vice President and Controller
Period of report
Mar 1, 2019
Accepted (ET)
Mar 7, 2019 · 10:35 am 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 | holding | — | — | — | 6,495 | D | ||
| Common Stock | holding | — | — | — | 1,500 | I | Has investment power over shares owned by family member. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Unit (ICPKE)F2,F1 | — | holding | — | — | — | — | — | Common Stock | 803 | — | D |
| Stock Unit (ICPKE)F2,F3 | — | holding | — | — | — | — | — | Common Stock | 2,231 | — | D |
| Stock Unit (ICPKE)F2,F4 | — | holding | — | — | — | — | — | Common Stock | 881 | — | D |
| Stock Unit (SIP)F6,F5 | — | holding | — | — | — | — | — | Common Stock | 1,162 | — | D |
| Performance Unit (ICPKE)F7,F8 | — | holding | — | — | — | — | — | Common Stock | 2,663 | — | D |
| Performance Unit (ICPKE)F9,F8 | — | holding | — | — | — | — | — | Common Stock | 888 | — | D |
| Performance Unit (ICPKE)F10,F8 | — | holding | — | — | — | — | — | Common Stock | 1,865 | — | D |
| Performance Unit (ICPKE)F11,F8 | — | holding | — | — | — | — | — | Common Stock | 1,865 | — | D |
| Performance Unit (SIP)F12,F8 | — | holding | — | — | — | — | — | Common Stock | 2,323 | — | D |
| Performance Unit (SIP)F13,F8 | — | holding | — | — | — | — | — | Common Stock | 2,323 | — | D |
Explanation of responses
- F1The units will vest on January 26, 2020.
- F10No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2020. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2021.
- F11No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2020. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2021.
- F12No 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.
- F13No 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 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.
- F2No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
- F3The units will vest on February 17, 2020.
- F4The units will vest on January 25, 2021.
- F5The units will vest on January 24, 2022.
- F6No 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.
- F7No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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.
- 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), 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 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.