PPL Corp 4
4 · PPL Corp · Filed Jan 26, 2015
Insider Transaction Report
Form 4
PPL CorpPPL
Gabbard Robert D
President of a PPL subsidiary
Transactions
- Award
Performance Stock Unit (SIP)
2015-01-22+10,770→ 10,770 total→ Common Stock (10,770 underlying) - Award
Stock Unit (SIP)
2015-01-22+10,690→ 10,690 total→ Common Stock (10,690 underlying)
Footnotes (5)
- [F1]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.
- [F2]The units will vest on 01/22/2018.
- [F3]As of 01/26/2015, total restricted stock units beneficially owned is 53,661.131. This total includes the 01/26/2012 grant of 14,930 restricted stock units, 01/24/2013 grant of 13,480 restricted stock units and the 01/23/2014 grant of 12,710 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 01/22/2015 grant of 10,690 restricted stock units.
- [F4]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 12/31/2017. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2018.
- [F5]As of 01/26/2015, total performance units beneficially owned is 42,047.634. This total includes the 01/26/2012 grant of 8,170 performance units, 01/24/2013 grant of 8,130 performance units and the 01/23/2014 grant of 12,410 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 01/22/2015 grant of 10,770 performance units.