PPL Corp — Director's Dealing 2012

Jan 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2012-01-26

Reporting Person: GREY ROBERT J (Sr. VP, General Counsel & Sec.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-26	Employee Stock Options (Right to Buy)	$28.20	A	69010	Acquired	2022-01-25	Common Stock (69010)	Direct
2012-01-26	Stock Unit (ICP)	$	A	18660	Acquired		Common Stock (18660)	Direct
2012-01-26	Performance Stock Unit (ICP)	$	A	10220	Acquired		Common Stock (10220)	Direct
2012-01-26	Performance Stock Unit (ICP)	$	J	4944.436	Disposed		Common Stock (4944.436)	Direct

Footnotes

F1: The options vest in three annual installments beginning on 01/26/2013.

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 01/26/2015.

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 12/31/2014.

F5: Total includes the reinvestment of dividends.

F6: No conversion or exercise price or exercise or expiration date applies.

F7: Represents forfeiture of performance units granted in 2009 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period.