SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MILLER JAMES H
(Last) (First) (Middle)
TWO N. NINTH STREET
(Street)
ALLENTOWN PA 18101
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PPL CORP [ PPL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & COO
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2008 M(1) 72,520 A $16.75 168,735.422 D
Common Stock 02/20/2008 S(1) 1,200 D $48.01 167,535.422 D
Common Stock 02/20/2008 S(1) 1,400 D $47.99 166,135.422 D
Common Stock 02/20/2008 S(1) 4,000 D $47.98 162,135.422 D
Common Stock 02/20/2008 S(1) 3,735 D $47.94 158,400.422 D
Common Stock 02/20/2008 S(1) 5,915 D $47.93 152,485.422 D
Common Stock 02/20/2008 S(1) 11,700 D $47.92 140,785.422 D
Common Stock 02/20/2008 S(1) 4,900 D $47.91 135,885.422 D
Common Stock 02/20/2008 S(1) 5,300 D $47.9 130,585.422 D
Common Stock 02/20/2008 S(1) 300 D $47.89 130,285.422 D
Common Stock 02/20/2008 S(1) 3,200 D $47.88 127,085.422 D
Common Stock 02/20/2008 S(1) 2,900 D $47.87 124,185.422 D
Common Stock 02/20/2008 S(1) 5,056 D $47.86 119,129.422 D
Common Stock 02/20/2008 S(1) 4,428 D $47.85 114,701.422 D
Common Stock 02/20/2008 S(1) 3,882 D $47.84 110,819.422 D
Common Stock 02/20/2008 S(1) 5,298 D $47.83 105,521.422 D
Common Stock 02/20/2008 S(1) 3,924 D $47.82 101,597.422 D
Common Stock 02/20/2008 S(1) 5,774 D $47.81 95,823.422 D
Common Stock 02/20/2008 S(1) 1,200 D $47.805 94,623.422 D
Common Stock 02/20/2008 S(1) 17,300 D $47.8 77,323.422 D
Common Stock 02/20/2008 S(1) 100 D $47.79 77,223.422 D
Common Stock 02/20/2008 S(1) 2,000 D $47.78 75,223.422 D
Common Stock 02/20/2008 S(1) 1,276 D $47.77 73,947.422 D
Common Stock 02/20/2008 S(1) 11,247 D $47.75 62,700.422 D
Common Stock 02/20/2008 S(1) 100 D $47.745 62,600.422 D
Common Stock 02/20/2008 S(1) 1,600 D $47.74 61,000.422 D
Common Stock 02/20/2008 S(1) 1,000 D $47.73 60,000.422 D
Common Stock 61.94 I Held in trust pursuant to the Employee Stock Ownership Plan.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) $16.75 02/20/2008 M(1) 72,520 (2) 01/23/2012 Common Stock 72,520 $0.00 911,670 D
Explanation of Responses:
1. This Form 4 report reflects the sale of a total of 108,735 shares of common stock pursuant to a 10b5-1 plan, dated December 10, 2007, representing (a) the exercise of 72,520 options and sale of underlying shares, (b) the sale of 15,282 shares acquired net of taxes upon the vesting of 25,000 restricted stock units on January 27, 2008, and (c) the sale of 20,933 shares owned directly prior to sale.
2. The total grant of 72,520 options vested in three installments of 24,174 options on 01/24/2003, 24,172 options on 01/24/2004 and 24,174 options on 01/24/2005.
Remarks:
/s/Frederick C. Paine, as Attorney-In-Fact for James H. Miller 02/21/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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