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: Staffieri Victor A (President of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-26	Common Stock	M	36790	$35.71	Acquired	36790	Direct
2015-01-26	Common Stock	F	14461	$35.71	Disposed	22329	Direct
2015-01-26	Common Stock	M	73360	$29.51	Acquired	95689	Direct
2015-01-26	Common Stock	M	45350	$28.20	Acquired	141039	Direct
2015-01-26	Common Stock	S	118710	$35.514	Disposed	22329	Direct
2015-01-27	Common Stock	S	22329	$35.721	Disposed	0	Direct
2015-01-27	Common Stock	M	13921	$35.70	Acquired	13921	Direct
2015-01-27	Common Stock	F	6982	$35.70	Disposed	6939	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-26	Stock Unit (ICP)	$0.00	M	36790	Disposed		Common Stock (36790)	Direct
2015-01-26	Employee Stock Options (Right to Buy)	$29.51	M	73360	Disposed	2023-01-23	Common Stock (73360)	Direct
2015-01-26	Employee Stock Options (Right to Buy)	$28.20	M	45350	Disposed	2022-01-25	Common Stock (45350)	Direct
2015-01-27	Performance Stock Unit (ICP)	$0.00	M	13921	Disposed		Common Stock (13921)	Direct

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: Represents the exercise of 118,710 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated February 25, 2014.

F3: Represents the weighted average sales price for price increments ranging from $35.330 to $35.645.

F4: The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

F5: Represents the sale of 22,329 shares of common stock pursuant to a 10b5-1 plan, dated February 25, 2014.

F6: Represents the weighted average sales price for price increments ranging from $35.510 to $35.855.

F7: The units vested on 01/26/2015.

F8: Represents the exercise of 73,360 stock options from a total grant of 220,080 stock options. 73,360 stock options from this grant were exercised on April 14, 2014. The remaining 73,360 stock options vest on January 24, 2016.

F9: Represents the exercise of 45,350 stock options from a total grant of 136,050 stock options. The total grant of options vested in three installments on January 26, 2013, January 26, 2014 and January 26, 2015.

F10: 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 (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.