PPL Corp — Director's Dealing 2014

May 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2014-05-01

Reporting Person: Klingensmith Rick L (President of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-01	Common Stock	M	34350	$31.93	Acquired	57389	Direct
2014-05-01	Common Stock	S	34350	$34.00	Disposed	23039	Direct
2014-05-01	Common Stock	M	16000	$31.17	Acquired	39039	Direct
2014-05-01	Common Stock	S	16000	$34.25	Disposed	23039	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-01	Employee Stock Options (Right to Buy)	$31.93	M	34350	Disposed	2019-01-21	Common Stock (34350)	Direct
2014-05-01	Employee Stock Options (Right to Buy)	$31.17	M	16000	Disposed	2020-01-20	Common Stock (16000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	102.118	Indirect

Footnotes

F1: This Form 4 report reflects the exercise of 50,350 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated August 15, 2013.

F2: Total includes the reinvestment of dividends.

F3: Represents the exercise of a total grant of 34,350 stock options. The 34,350 options vested in three equal installments on January 22, 2010, January 22, 2011 and January 22, 2012.

F4: Represents the exercise of 16,000 stock options from a total grant of 32,040 options. The 32,040 options vested in three equal installments on January 21, 2011, January 21, 2012 and January 21, 2013.