FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GREY ROBERT J
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)
EVP and Chief Legal Officer
(Last)          (First)          (Middle)

TWO N. NINTH STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

6/15/2015
(Street)

ALLENTOWN, PA 18101
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy)   $26.59   6/15/2015     J   (1)    12683         (2) 1/23/2023   Common Stock   12683   $0.00   128033   D    
Employee Stock Options (Right to Buy)   $42.84   6/15/2015     J   (1)    3318         (3) 1/23/2018   Common Stock   3318   $0.00   33498   D    
Employee Stock Options (Right to Buy)   $31.65   6/15/2015     J   (1)    6192         (4) 1/24/2017   Common Stock   6192   $0.00   62512   D    
Employee Stock Options (Right to Buy)   $25.41   6/15/2015     J   (1)    7588         (5) 1/25/2022   Common Stock   7588   $0.00   76598   D    
Employee Stock Options (Right to Buy)   $23.20   6/15/2015     J   (1)    7610         (6) 1/26/2021   Common Stock   7610   $0.00   76820   D    
Employee Stock Options (Right to Buy)   $28.09   6/15/2015     J   (1)    4562         (7) 1/20/2020   Common Stock   4562   $0.00   46052   D    
Employee Stock Options (Right to Buy)   $28.77   6/15/2015     J   (1)    4972         (8) 1/21/2019   Common Stock   4972   $0.00   50192   D    

Explanation of Responses:
( 1)  Reflects adjustment to previously granted stock options of the exercise price and number of options granted in respect of the June 1, 2015 spinoff of Talen Energy Corporation.
( 2)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. 85,354 options from the total outstanding options have vested. The remaining 42,679 options vest on January 24, 2016.
( 3)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 24, 2009, January 24, 2010 and January 24, 2011.
( 4)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 25, 2008, January 25, 2009 and January 25, 2010.
( 5)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 26, 2013, January 26, 2014 and January 26, 2015.
( 6)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 27, 2012, January 27, 2013 and January 27, 2014.
( 7)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 21, 2011, January 21, 2012 and January 21, 2013.
( 8)  Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 22, 2010, January 22, 2011 and January 22, 2012.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GREY ROBERT J
TWO N. NINTH STREET
ALLENTOWN, PA 18101


EVP and Chief Legal Officer

Signatures
/s/Frederick C. Paine, as Attorney-In-Fact for Robert J. Grey 6/17/2015
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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