SIPICS JOHN F 4
4 · PPL CORP · Filed Jan 31, 2005
Insider Transaction Report
Form 4
PPL CORPPPL
SIPICS JOHN F
President of a PPL Subsidiary
Transactions
- Award
Employee Stock Options (Right to Buy)
2005-01-27+27,380→ 27,380 totalExercise: $53.32Exp: 2015-01-26→ Common Stock (27,380 underlying) - Award
Stock Unit (ICP)
2005-01-27+4,530→ 4,530 total→ Common Stock (4,530 underlying) - Award
Stock Unit (ICP - Cash Incentive Premium Exchange Program)
2005-01-27+3,110→ 3,110 total→ Common Stock (3,110 underlying)
Footnotes (4)
- [F1]The options vest in three equal annual installments beginning on 01/27/2006.
- [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 01/27/2008.
- [F4]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.