PPL Corp — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Dudkin Gregory N (President of a PPL Subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-14	Common Stock	M	12801	$35.37	Acquired	40639.276	Direct
2020-02-14	Common Stock	F	4014	$35.37	Disposed	36625.276	Direct
2020-02-14	Common Stock	M	17800.59	$35.37	Acquired	54425.866	Direct
2020-02-14	Common Stock	F	6928	$35.37	Disposed	47497.866	Direct
2020-02-18	Common Stock	S	10872	$35.64	Disposed	36625.866	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-14	Performance Stock Unit (SIP	$	A	6400.984	Acquired		Common Stock (6400.984)	Direct
2020-02-14	Performance Stock Unit (SIP)	$0.00	M	12801	Disposed		Common Stock (12801)	Direct
2020-02-14	Stock Unit (SIP)	$0.00	M	17800.59	Disposed		Common Stock (17800.59)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	86.213	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 Stock Incentive Plan (SIP).

F2: Represents the sale of 10,872 shares of common stock pursuant to a 10b5-1 plan, dated August 26, 2019.

F3: The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

F4: Represents the weighted average sales price for price increments ranging from $35.275 to $35.90.

F5: Total includes the reinvestment of dividends.

F6: 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.

F7: As of 02/19/2020, total performance units beneficially owned is 79,980.554. This total includes the 01/25/2018 grants of 13,546.834 and 13,546.834 performance units, the 01/24/2019 grants of 14,524.443 and 14,524.443 performance units, and the 01/23/2020 grants of 11,919 and 11,919 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.

F8: The units vested on 02/14/2020.

F9: As of 02/19/2020, total restricted stock units beneficially owned is 19,995.639. This total includes the 01/25/2018 grant of 6,773.417 restricted stock units, the 01/24/2019 grant of 7,262.222 restricted stock units, and the 01/23/2020 grant of 5,960 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.