SEC FORM 4

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^*

SPENCE WILLIAM H

(Last)

(First)

(Middle)

TWO N. NINTH STREET

(Street)

ALLENTOWN

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP and COO

3. Date of Earliest Transaction (Month/Day/Year)
01/24/2011

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/24/2011		M		44,220	A	$25.87	59,540.117⁽¹⁾	D
Common Stock	01/24/2011		F⁽²⁾		14,442	D	$25.87	45,098.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		1,300	D	$25.75	43,798.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		200	D	$25.751	43,598.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		596	D	$25.752	43,002.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		300	D	$25.755	42,702.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		1,904	D	$25.76	40,798.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		1,500	D	$25.765	39,298.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		3,737	D	$25.77	35,561.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		600	D	$25.771	34,961.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		200	D	$25.772	34,761.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		100	D	$25.775	34,661.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		2,985	D	$25.78	31,676.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		300	D	$25.781	31,376.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		300	D	$25.782	31,076.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		500	D	$25.785	30,576.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		3,856	D	$25.79	26,720.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		1,200	D	$25.791	25,520.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		500	D	$25.795	25,020.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		2,600	D	$25.8	22,420.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		100	D	$25.801	22,320.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		200	D	$25.802	22,120.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		200	D	$25.805	21,920.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		2,700	D	$25.81	19,220.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		100	D	$25.811	19,120.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		100	D	$25.815	19,020.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		1,500	D	$25.82	17,520.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		300	D	$25.83	17,220.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		100	D	$25.84	17,120.117⁽¹⁾	D
Common Stock	01/25/2011		S⁽³⁾		986	D	$25.85	16,134.117⁽¹⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Unit (ICP)	$0.00	01/24/2011		M			44,220	⁽⁴⁾	⁽⁴⁾	Common Stock	44,220	$0.00	42,640	D

Explanation of Responses:

1. Total includes reinvestment of dividends.

2. 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 (ICP).

3. This Form 4 is the first in a series of two Form 4 reports, filed on the same date, which relate to the sale of 29,778 shares of common stock pursuant to a 10b5-1 plan, dated September 16, 2010.

4. The units vested on 01/24/2011.

Remarks:

	/s/Frederick C. Paine, as Attorney-In-Fact for William H. Spence	01/26/2011
	** 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).
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