0001209191-17-006098.txt : 20170130 0001209191-17-006098.hdr.sgml : 20170130 20170130154309 ACCESSION NUMBER: 0001209191-17-006098 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: SPENCE WILLIAM H CENTRAL INDEX KEY: 0001181274 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 17557314 MAIL ADDRESS: STREET 1: UNIVERSITY OFFICE PLAZA STREET 2: 252 CHAPMAN RD., PO BOX 6066 CITY: NEWARK STATE: DE ZIP: 19714-0066 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-01-26 0 0000922224 PPL Corp PPL 0001181274 SPENCE WILLIAM H TWO NORTH NINTH STREET ALLENTOWN PA 18101 0 1 0 0 Chairman, President and CEO Common Stock 2017-01-27 4 M 0 74886 34.41 A 105342.906 D Common Stock 2017-01-27 4 F 0 34763 34.41 D 70579.906 D Common Stock 123.901 I Held in trust pursuant to the Employee Stock Ownership Plan. Common Stock 12824 I Held in trust for benefit of Mr. Spence's wife. Stock Unit (SIP) 2017-01-26 4 A 0 30228 0.00 A Common Stock 30228 30228 D Performance Stock Unit (SIP) 2017-01-26 4 A 0 90682 0.00 A Common Stock 90682 90682 D Performance Stock Unit (SIP) 2017-01-26 4 A 0 30228 0.00 A Common Stock 30228 30228 D Performance Stock Unit (SIP) 0.00 2017-01-27 4 M 0 74886 0.00 D Common Stock 74886 0 D Total includes the reinvestment of dividends. 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). 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 219,876.239. This total includes the 01/22/2015 grant of 99,439.301 restricted stock units and the 01/21/2016 grant of 90,208.938 restricted stock units, plus in each case, 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 30,228 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 316,649.423. This total includes the 01/22/2015 grant of 100,179.409 performance units and the 01/21/2016 grant of 95,560.014 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 90,682 and 30,228 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 William H. Spence 2017-01-30