PPL Corp — Director's Dealing 2012

May 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2012-03-05

Reporting Person: Gabbard Robert D (President of a PPL subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-05	Common Stock	A	40000	$28.56	Acquired	50258	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	56.222	Indirect

Footnotes

F1: Represents an award made on March 5, 2012 by the Compensation, Governance and Nominating Committee of the Board of Directors under the Company's 2012 Stock Incentive Plan ("Plan"), subject to approval of the Plan by the Company's shareowners. Shareowners approved the Plan on May 16, 2012.

F2: This award of 40,000 shares of common stock has a restriction period that will lapse on September 25, 2019.

F3: Total includes the reinvestment of dividends.