PPL Corp — Director's Dealing 2018

Dec 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2018-12-20

Reporting Person: Swift Philip (Chief Exec of a PPL Subsidiary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-20	Stock Unit (SIP)	$	A	164	Acquired		Common Stock (164)	Direct
2018-12-20	Performance Stock Unit (SIP)	$	A	327	Acquired		Common Stock (327)	Direct
2018-12-20	Performance Stock Unit (SIP)	$	A	327	Acquired		Common Stock (327)	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 12/20/2021.

F3: As of 12/20/2018, total restricted stock units beneficially owned is 9,288. This total includes the 03/01/2016 grant of 2,978 restricted stock units, the 01/26/2017 grant of 1,185 restricted stock units, the 02/17/2017 grant of 3,255 restricted stock units, the 01/25/2018 grant of 1,706 restricted stock units, and the 12/20/2018 grant of 164 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 12/31/2020. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2021.

F5: As of 12/20/2018, total performance units beneficially owned is 17,249.45. This total includes the 03/01/2016 grant of 4,306.395 performance units, the 01/26/2017 grants of 3,876.58 and 1,292.193 performance units, and the 01/25/2018 grants of 3,560.141 and 3,560.141 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 12/20/2018 grants of 327 and 327 performance units.

F6: 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 return on equity over a three-year performance period ending December 31, 2020. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2021.