PPL CORP 4
4 · PPL CORP · Filed Jan 26, 2004
Insider Transaction Report
Form 4
PPL CORPPPL
SIPICS JOHN F
President of a PPL Subsidiary
Transactions
- Award
Stock Unit (ICP)
2004-01-22+1,730→ 63,400 total→ Common Stock (1,730 underlying) - Award
Stock Unit (ICP - Cash Incentive Premium Exchange Program)
2004-01-22+3,510→ 66,910 total→ Common Stock (3,510 underlying) - Award
Employee Stock Options (Right to Buy)
2004-01-22+23,650→ 61,670 totalExercise: $45.18Exp: 2014-01-21→ Common Stock (23,650 underlying)
Footnotes (5)
- [F1]The options vest in three equal annual installments beginning on 01/22/2005.
- [F2]No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan, a restricted stock unit converts to a share of common stock on the applicable vesting date.
- [F3]The units will vest on 01/22/2007.
- [F4]Total includes unexercised options and restricted stock units.
- [F5]These restricted stock units were granted in connection with the Cash Incentive Premium Exchange Program under the ICP. Pursuant to this program, an executive officer may elect to defer all or any portion of his cash incentive compensation for restricted stock units equal in value at the time of the grant to 140% of the cash so deferred.