PPL Corp — Director's Dealing 2014

Jan 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2014-01-27

Reporting Person: FARR PAUL A (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	M	12757	$30.16	Acquired	68874	Direct
2014-01-27	Common Stock	F	4083	$30.16	Disposed	64791	Direct
2014-01-27	Common Stock	M	25980	$29.75	Acquired	90771	Direct
2014-01-27	Common Stock	F	9230	$29.75	Disposed	81541	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Stock Unit (ICP)	$0.00	M	25980	Disposed		Common Stock (25980)	Direct
2014-01-27	Performance Stock Unit (ICP)	$0.00	M	12757	Disposed		Common Stock (12757)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12.851	Indirect
Common Stock	134.549	Indirect

Footnotes

F1: Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Incentive Compensation Plan (ICP).

F2: Total includes the reinvestment of dividend equivalents in the form of additional shares of the underlying securities.

F3: The units vested on 01/27/2014.

F4: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan (ICP), the underlying securities were earned based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2013. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/23/2014 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2014.