PPL Corp — Director's Dealing 2018

Jan 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2018-01-25

Reporting Person: Raphael Joanne H (SVP, GC & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-26	Common Stock	M	2094	$32.27	Acquired	18893	Direct
2018-01-26	Common Stock	F	607	$32.27	Disposed	18286	Direct
2018-01-26	Common Stock	M	1011	$32.27	Acquired	19297	Direct
2018-01-26	Common Stock	F	293	$32.27	Disposed	19004	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-25	Stock Unit (SIP)	$	A	5690	Acquired		Common Stock (5690)	Direct
2018-01-25	Performance Stock Unit (SIP)	$	A	11379	Acquired		Common Stock (11379)	Direct
2018-01-25	Performance Stock Unit (SIP)	$	A	11379	Acquired		Common Stock (11379)	Direct
2018-01-26	Performance Stock Unit (ICPKE)	$0.00	M	2094	Disposed		Common Stock (2094)	Direct
2018-01-26	Performance Stock Unit (ICPKE)	$0.00	M	1011	Disposed		Common Stock (1011)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1494.14	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 for Key Employees (ICPKE).

F2: Total includes the reinvestment of dividends.

F3: 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.

F4: The units will vest on 01/25/2021.

F5: As of 01/29/2018, total restricted stock units beneficially owned is 35,112.929. This total includes the 01/21/2016 grant of 11,855.073 restricted stock units, the 01/26/2017 grant of 4,755.13 restricted stock units, and the 02/17/2017 grant of 12,812.726 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 01/25/2018 grant of 5,690 restricted stock 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 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.

F7: As of 01/29/2018, total performance units beneficially owned is 56,270.599. This total includes the 01/21/2016 grant of 14,492.076 performance units, and the 01/26/2017 grants of 14,265.393 and 4,755.13 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 01/25/2018 grants of 11,379 and 11,379 performance units.

F8: 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.

F9: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), the underlying securities were earned (25%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2017. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/25/2018 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/26/2018.