PPL Corp — Director's Dealing 2020

Jan 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PPL Corp (PPL)
CIK: 0000922224
Period of Report: 2020-01-23

Reporting Person: SPENCE WILLIAM H (Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-24	Common Stock	M	35193.685	$36.53	Acquired	204950.359	Direct
2020-01-24	Common Stock	F	11351	$36.53	Disposed	193599.359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-23	Stock Unit (SIP)	$	A	29911	Acquired		Common Stock (29911)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	59821	Acquired		Common Stock (59821)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	A	59821	Acquired		Common Stock (59821)	Direct
2020-01-23	Performance Stock Unit (SIP)	$	J	140772.409	Disposed		Common Stock (140772.409)	Direct
2020-01-24	Stock Unit (SIP)	$0.00	M	35193.685	Disposed		Common Stock (35193.685)	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 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 01/23/2023.

F5: As of 01/27/2020, total restricted stock units beneficially owned is 201,052.161. This total includes the 02/17/2017 grant of 97,885.199 restricted stock units, 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, 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 01/23/2020 grant of 29,911 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.

F7: As of 01/27/2020, 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, 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 01/23/2020 grants of 59,821 and 59,821 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 12/31/2022. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation Committee in January 2023.

F9: No conversion or exercise price or exercise or expiration date applies.

F10: Represents 0% payout of performance units granted in 2017 due to Company performance below minimum "total shareowner return" threshold at expiration of three-year performance period.

F11: The units vested on 01/24/2020.