PPL Corp — Director's Dealing 2010

Apr 5, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2010-03-29

Reporting Person: Sorgi Vincent (Vice President and Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1802	Direct
Common Stock	37.442	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (Right to Buy)	$27.89	2020-03-28	Common Stock (12340)		Direct
Performance Stock Unit (ICP)	$		Common Stock (1300)		Direct
Stock Unit (ICPKE)	$		Common Stock (3980)		Direct

Footnotes

F1: Total includes reinvestment of dividends.

F2: The total grant of 12,340 options vest in three installments of 4,113 options on 03/29/2011, 4,113 options on 03/29/2012 and 4,114 options on 03/29/2013.

F3: No exercise or expiration date or conversion or exercise price 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.

F4: No exercise or expiration date or 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.