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: FARR PAUL 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	35420	$35.71	Acquired	75420	Direct
2015-01-26	Common Stock	F	12506	$35.71	Disposed	62914	Direct
2015-01-27	Common Stock	S	22914	$35.721	Disposed	40000	Direct
2015-01-27	Common Stock	M	13403	$35.70	Acquired	53403	Direct
2015-01-27	Common Stock	F	6225	$35.70	Disposed	47178	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-26	Stock Unit (ICP)	$0.00	M	35420	Disposed		Common Stock (35420)	Direct
2015-01-27	Performance Stock Unit (ICP)	$0.00	M	13403	Disposed		Common Stock (13403)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13.418	Indirect
Common Stock	140.463	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 (ICP).

F2: Represents the sale of 22,914 shares of common stock pursuant to a 10b5-1 plan, dated November 11, 2014.

F3: Represents the weighted average sales price for price increments ranging from $35.510 to $35.850.

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: Total includes the reinvestment of dividends.

F6: The units vested on 01/26/2015.

F7: 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.