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PPL Corp — Director's Dealing 2014
Jan 3, 2014
30176_dirs_2014-01-03_228480f5-a7ca-4078-9989-709d19ca5ed7.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2014-01-01
Reporting Person: Symons Robert A (VP of a PPL Subsidiary)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Unit (ICPKE) | $ | Common Stock (9220) | Direct | ||
| Stock Unit (ICPKE) | $ | Common Stock (13260) | Direct | ||
| Stock Unit (ICPKE) | $ | Common Stock (12260) | Direct | ||
| Performance Stock Unit (ICPKE) | $ | Common Stock (4015.074) | Direct | ||
| Performance Stock Unit (ICPKE) | $ | Common Stock (8009.515) | Direct | ||
| Performance Stock Unit (ICPKE) | $ | Common Stock (7764.987) | Direct | ||
| Phantom Stock Options | $37.18 | 2017-02-15 | Common Stock (26020) | Direct | |
| Phantom Stock Options | $47.59 | 2018-02-15 | Common Stock (21810) | Direct | |
| Phantom Stock Options | $24.60 | 2021-02-15 | Common Stock (14784) | Direct | |
| Phantom Stock Options | $27.85 | 2022-02-15 | Common Stock (32947) | Direct | |
| Phantom Stock Options | $30.53 | 2023-02-15 | Common Stock (83260) | Direct |
Footnotes
F1: The units will vest on 01/27/2014.
F2: No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.
F3: The units will vest on 01/26/2015.
F4: The units will vest on 01/24/2016.
F5: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2013, to be determined by the Board of Directors on 01/23/2014.
F6: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014.
F7: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), all, some or none of the underlying securities will be earned depending on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2015.
F8: Subject to vesting requirements, represents the contractual right, for a period of 10 years following the date of grant, to receive in cash the value of appreciation in shares of PPL Corporation common stock above the "exercise price" specified in the option contract. Awards vest in increments of one-third of the total grant on each of the first, second and third anniversaries of the date of grant.
F9: The options became exercisable in two installments of 13,010 options on 02/15/2009 and 02/15/2010.
F10: The options became exercisable in three installments of 7,270 options on 02/15/2009, 02/15/2010 and 02/15/2011.
F11: The options will vest on 02/15/2014.
F12: The total 32,947 options will vest in two installments of 16,473 options on 02/15/2014 and 16,474 options on 02/15/2015.
F13: The total 83,260 options will vest in three installments of 27,754 options on 02/15/2014, 27,753 options on 02/15/2015 and 27,753 options on 02/15/2016.