0001209191-17-006093.txt : 20170130 0001209191-17-006093.hdr.sgml : 20170130 20170130151018 ACCESSION NUMBER: 0001209191-17-006093 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170126 FILED AS OF DATE: 20170130 DATE AS OF CHANGE: 20170130 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: Breininger Stephen K CENTRAL INDEX KEY: 0001610589 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 17556932 MAIL ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-01-26 0 0000922224 PPL Corp PPL 0001610589 Breininger Stephen K TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 Vice President & Controller Common Stock 2017-01-27 4 M 0 1013 34.41 A 7761 D Common Stock 2017-01-27 4 F 0 377 34.41 D 7384 D Common Stock 193.892 I Held in trust pursuant to the Employee Stock Ownership Plan. Common Stock 518.602 I Held in the account of Mr. Breininger's wife, as to which he disclaims beneficial ownership. Stock Unit (SIP) 2017-01-26 4 A 0 1199 0.00 A Common Stock 1199 1199 D Performance Stock Unit (SIP) 2017-01-26 4 A 0 3597 0.00 A Common Stock 3597 3597 D Performance Stock Unit (SIP) 2017-01-26 4 A 0 1199 0.00 A Common Stock 1199 1199 D Performance Stock Unit (SIP) 0.00 2017-01-27 4 M 0 1013 0.00 D Common Stock 1013 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). Total includes the reinvestment of dividends. 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. The units will vest on 01/26/2020. As of 01/30/2017, total restricted stock units beneficially owned is 10,517.77. This total includes the 03/01/2014 grant of 2,743 restricted stock units, 01/22/2015 grant of 3,019.86 restricted stock units and the 01/21/2016 grant of 3,555.91 restricted stock units, plus in the case of the 01/22/2015 and 01/21/2016 grants, 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 01/26/2017 grant of 1,199 restricted stock units. 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 12/31/2019. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2020. As of 01/30/2017, total performance units beneficially owned is 12,123.743. This total includes the 01/22/2015 grant of 3,560.084 performance units and the 01/21/2016 grant of 3,767.659 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 01/26/2017 grants of 3,597 and 1,199 performance units. 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 December 31, 2019. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2020. 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 (62%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2016. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/26/2017 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2017. /s/Frederick C. Paine, as Attorney-In-Fact for Stephen K. Breininger 2017-01-30