PPL Corp — Director's Dealing 2020

Feb 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2020-02-14

Reporting Person: SPENCE WILLIAM H (Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	70388	$35.37	Acquired	263987.359	Direct
2020-02-14	Common Stock	F	30802	$35.37	Disposed	233185.359	Direct
2020-02-14	Common Stock	M	97885.199	$35.37	Acquired	331070.558	Direct
2020-02-14	Common Stock	F	42835	$35.37	Disposed	288235.558	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Performance Stock Unit (SIP)	$	A	35194.315	Acquired		Common Stock (35194.315)	Direct
2020-02-14	Performance Stock Unit (SIP)	$0.00	M	70388	Disposed		Common Stock (70388)	Direct
2020-02-14	Stock Unit (SIP)	$0.00	M	97885.199	Disposed		Common Stock (97885.199)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	144.215	Indirect
Common Stock	12824	Indirect

Footnotes

F1: Total includes the reinvestment of dividends.

F2: 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 Stock Incentive Plan (SIP).

F3: No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (200%) based on the Company's return on equity over a three-year performance period ending 12/31/2019. Determination of the percentage of the award earned was made by the Compensation Committee on 01/23/2020 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/14/2020.

F4: As of 02/18/2020, total performance units beneficially owned is 412,665.856. This total includes the 01/25/2018 grants of 73,611.895 and 73,611.895 performance units, and the 01/24/2019 grants of 72,900.033 and 72,900.033 performance units, and the 01/23/2020 grants of 59,821 and 59,821 performance units, plus in the case of the 01/25/2018 and 01/24/2019 grants, 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.

F5: The units vested on 02/14/2020.

F6: As of 02/18/2020, total restricted stock units beneficially owned is 103,166.962. This total includes the 01/25/2018 grant of 36,805.946 restricted stock units, and the 01/24/2019 grant of 36,450.016 restricted stock units, and the 01/23/2020 grant of 29,911 restricted stock units, plus in the case of the 01/25/2018 and 01/24/2019 grants, 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.