PPL Corp — Director's Dealing 2015

Jan 28, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2015-01-26

Reporting Person: Dudkin Gregory N (President of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-26	Common Stock	M	11690	$35.71	Acquired	11690	Direct
2015-01-26	Common Stock	F	4140	$35.71	Disposed	7550	Direct
2015-01-27	Common Stock	M	4424	$35.70	Acquired	11974	Direct
2015-01-27	Common Stock	F	2169	$35.70	Disposed	9805	Direct
2015-01-27	Common Stock	M	498	$35.70	Acquired	10303	Direct
2015-01-27	Common Stock	F	245	$35.70	Disposed	10058	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-26	Stock Unit (ICPKE)	$0.00	M	11690	Disposed		Common Stock (11690)	Direct
2015-01-27	Performance Stock Unit (ICPKE)	$0.00	M	4424	Disposed		Common Stock (4424)	Direct
2015-01-27	Performance Stock Unit (SIP)	$0.00	M	498	Disposed		Common (498)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63.018	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 for Key Employees (ICPKE).

F2: 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 Stock Incentive Plan (SIP).

F3: Total includes the reinvestment of dividends.

F4: The units vested on 01/26/2015.

F5: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (60%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/22/2015 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2015.

F6: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (60%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/22/2015 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2015.