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: 2012-01-26

Reporting Person: SPENCE WILLIAM H (Chairman, President and CEO)

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	387440	Acquired	2022-01-25	Common Stock (387440)	Direct

Footnotes

F1: Represents an award made on January 26, 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: The options vest in three annual installments beginning on 01/26/2013.