0001209191-16-093566.txt : 20160126
0001209191-16-093566.hdr.sgml : 20160126
20160126142223
ACCESSION NUMBER: 0001209191-16-093566
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160122
FILED AS OF DATE: 20160126
DATE AS OF CHANGE: 20160126
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PPL Corp
CENTRAL INDEX KEY: 0000922224
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 232758192
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO N NINTH ST
CITY: ALLENTOWN
STATE: PA
ZIP: 18101-1179
BUSINESS PHONE: 610-774-5151
MAIL ADDRESS:
STREET 1: TWO N NINTH ST
CITY: ALLENTOWN
STATE: PA
ZIP: 18101-1179
FORMER COMPANY:
FORMER CONFORMED NAME: PPL CORP
DATE OF NAME CHANGE: 20000214
FORMER COMPANY:
FORMER CONFORMED NAME: PP&L RESOURCES INC
DATE OF NAME CHANGE: 19941123
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Staffieri Victor A
CENTRAL INDEX KEY: 0001504298
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11459
FILM NUMBER: 161361196
MAIL ADDRESS:
STREET 1: TWO NORTH NINTH STREET
CITY: ALLENTOWN
STATE: PA
ZIP: 18101
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-01-22
0
0000922224
PPL Corp
PPL
0001504298
Staffieri Victor A
TWO NORTH NINTH STREET
ALLENTOWN
PA
18101
0
1
0
0
President of a PPL Subsidiary
Common Stock
2016-01-22
4
M
0
39350.522
34.01
A
39350.522
D
Common Stock
2016-01-22
4
F
0
15509
34.01
D
23841.522
D
Common Stock
2016-01-25
4
M
0
81426
26.59
A
105267.522
D
Common Stock
2016-01-25
4
S
0
105267
33.994
D
0.522
D
Common Stock
2016-01-25
4
M
0
33917
33.23
A
33917.522
D
Common Stock
2016-01-25
4
F
0
17010
33.23
D
16907.522
D
Stock Unit (SIP)
0.00
2016-01-22
4
M
0
39350.522
0.00
D
Common Stock
39350.522
0
D
Employee Stock Options (Right to Buy)
26.59
2016-01-25
4
M
0
81426
0.00
D
2023-01-23
Common Stock
81426
1
D
Performance Stock Unit (SIP)
0.00
2016-01-25
4
M
0
33917
0.00
D
Common Stock
33917
0
D
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).
Represents the exercise of 81,426 stock options and sale of underlying shares, and the sale of 23,841 shares of common stock pursuant to a 10b5-1 plan, dated February 6, 2015.
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.
Represents the weighted average sales price for price increments ranging from $33.71 to $34.17.
Total includes the reinvestment of dividends.
The contractual vesting of these units was to occur on 01/24/2016, but because that occurred on a weekend, the actual vesting occurred on 01/25/2016, valued as of the close of market on 01/22/2016.
Represents the exercise of 81,426 stock options from a total grant of 228,147 options. The total grant of options vested in three installments on January 24, 2014, January 24, 2015 and January 24, 2016.
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 (142.86%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2015. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/21/2016 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2016.
/s/Frederick C. Paine, as Attorney-In-Fact for Victor A. Staffieri
2016-01-26