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