PPL Corp — Director's Dealing 2015

Jan 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2015-01-22

Reporting Person: Breininger Stephen K (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-22	Stock Unit (SIP)	$	A	2570	Acquired		Common Stock (2570)	Direct
2015-01-22	Performance Stock Unit (SIP)	$	A	3030	Acquired		Common Stock (3030)	Direct

Footnotes

F1: 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.

F2: The units will vest on 01/22/2018.

F3: As of 01/26/2015, total restricted stock units beneficially owned is 10,560. This total includes the 03/01/2012 grant of 2,840 restricted stock units, 03/01/2013 grant of 2,600 restricted stock units, 03/01/2014 grant of 2,550 restricted stock units and the 01/22/2015 grant of 2,570 restricted stock units.

F4: 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 12/31/2017. 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.

F5: As of 01/26/2015, total performance units beneficially owned is 4,419.395. This total includes the 06/10/2014 grant of 1,360 performance units plus the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the 01/22/2015 grant of 3,030 performance units.