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PPL Corp — Director's Dealing 2015
Jan 26, 2015
30176_dirs_2015-01-26_a026c18a-70d2-46a2-9a84-563743f51d35.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2015-01-22
Reporting Person: SPENCE WILLIAM H (Chairman, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-22 | Stock Unit (SIP) | $ | A | 84650 | Acquired | Common Stock (84650) | Direct | |
| 2015-01-22 | Performance Stock Unit (SIP) | $ | A | 85280 | Acquired | Common Stock (85280) | 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 339,014.704. This total includes the 01/26/2012 grant of 54,250 restricted stock units, 01/24/2013 grant of 90,810 restricted stock units and the 01/23/2014 grant of 96,360 restricted stock units, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/22/2015 grant of 84,650 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 321,209.1. This total includes the 01/26/2012 grant of 57,340 performance units, 01/24/2013 grant of 61,200 performance units and the 01/23/2014 grant of 98,470 performance units, plus in each case, 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 85,280 performance units.