PPL Corp 4
4 · PPL Corp · Filed Jan 25, 2016
Insider Transaction Report
Form 4
PPL CorpPPL
GREY ROBERT J
Sr. VP, General Counsel & Sec.
Transactions
- Award
Performance Stock Unit (SIP)
2016-01-21+17,280→ 17,280 total→ Common Stock (17,280 underlying) - Award
Stock Unit (SIP)
2016-01-21+16,312→ 16,312 total→ Common Stock (16,312 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 01/21/2019.
- [F3]As of 01/25/2016, total restricted stock units beneficially owned is 73,634.907. This total includes the 01/24/2013 grant of 20,631.316 restricted stock units, 01/23/2014 grant of 19,167.713 restricted stock units and the 01/22/2015 grant of 17,523.878 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 01/21/2016 grant of 16,312 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 12/31/2018. Determination of number of underlying securities that have been earned, if any, will be made by the Compensation, Governance and Nominating Committee in January 2019.
- [F5]As of 01/25/2016, total performance units beneficially owned is 66,686.19. This total includes the 01/24/2013 grant of 12,450.468 performance units, 01/23/2014 grant of 19,308.583 performance units and the 01/22/2015 grant of 17,647.139 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 01/21/2016 grant of 17,280 performance units.