PPL Corp — Director's Dealing 2010

Dec 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2010-12-13

Reporting Person: DEAVER E ALLEN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-13	Stock Unit (DDCP)	$	I	19569.472	Disposed		Common Stock (19569.472)	Direct

Footnotes

F1: No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement.

F2: Represents conversion under the DDCP of deferred compensation, held in the form of equivalent units of shares of the Company's Common Stock, to a cash equivalent account. Amounts credited to a cash equivalent account are held as deferred compensation until a director's retirement and valued based on the performance of certain alternative investment options other than Company Common Stock. The number of stock equivalent units credited to a director's account is determined at the time of payment based on the closing price of the Company's Common Stock on the New York Stock Exchange on the trading day immediately preceding the date of payment. Such conversions are permitted no more frequently than 6 months following any prior conversion, and only during Company open trading windows.

F3: Payout of the underlying securities occurs as noted above in Note 1.

F4: Total includes the reinvestment of dividends.