PPL Corp — Director's Dealing 2013

May 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2013-05-21

Reporting Person: HEYDT STUART (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-21	Stock Unit (DDCP)	$	I	15713.388	Disposed		Common Stock (15713.388)	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 only during Company open trading windows.

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

F4: Total includes stock units held in both the DDCP and Accrued Retirement Benefit Account. Total also includes the reinvestment of dividends in these plans.