PPL Corp — Director's Dealing 2010

Jan 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL CORP (PPL)
CIK: 0000922224
Period of Report: 2010-01-21

Reporting Person: DeCampli David G (President of a PPL Subsidiary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-21	Employee Stock Options (Right to Buy)	$31.17	A	35310	Acquired	2020-01-20	Common Stock (35310)	Direct
2010-01-21	Stock Unit (ICP)	$	A	8420	Acquired		Common Stock (8420)	Direct
2010-01-21	Performance Stock Unit (ICP)	$	A	3720	Acquired		Common Stock (3720)	Direct

Footnotes

F1: The options vest in three equal annual installments beginning on 01/21/2011.

F2: No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan (ICP), a restricted stock unit converts to a share of common stock on the applicable vesting date.

F3: The units will vest on 01/20/2013.

F4: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan (ICP), 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 12/31/2012.

F5: Total includes reinvestment of dividends.