PPL Corp — Director's Dealing 2015

Jun 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2015-06-19

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-19	Stock Unit (ICPKE)	$	J	1131	Acquired		Common Stock (1131)	Direct
2015-06-19	Stock Unit (SIP)	$	J	1075.587	Acquired		Common Stock (1075.587)	Direct
2015-06-19	Stock Unit (SIP)	$	J	1022.933	Acquired		Common Stock (1022.933)	Direct
2015-06-19	Stock Unit (SIP)	$	J	853.981	Acquired		Common Stock (853.981)	Direct
2015-06-19	Performance Stock Unit (SIP)	$	J	673.164	Acquired		Common Stock (673.164)	Direct
2015-06-19	Performance Stock Unit (SIP)	$	J	998.651	Acquired		Common Stock (998.651)	Direct
2015-06-19	Performance Stock Unit (SIP)	$	J	860.096	Acquired		Common Stock (860.096)	Direct

Footnotes

F1: 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.

F2: Reflects adjustment to previously granted restricted stock units or performance units in respect of the June 1, 2015 spinoff of Talen Energy Corporation.

F3: Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on June 17, 2017.

F4: No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.

F5: Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 24, 2016.

F6: Total includes the reinvestment of dividends.

F7: Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 23, 2017.

F8: Additional restricted stock units granted vest on the same schedule as the previously granted restricted stock units for which the spinoff adjustment has been made. The units will vest on January 22, 2018.

F9: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), 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 December 31, 2015. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2016.

F10: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), 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 December 31, 2016. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2017.

F11: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), 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 December 31, 2017. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2018.