Filing Details

Accession Number:
0001209191-16-093557
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-26 13:48:26
Reporting Period:
2016-01-22
Filing Date:
2016-01-26
Accepted Time:
2016-01-26 13:48:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
922224 Ppl Corp PPL Electric Services (4911) 232758192
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1181274 H William Spence Two North Ninth Street
Allentown PA 18101
Chairman, President And Ceo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-01-22 112,052 $34.01 172,418 No 4 M Direct
Common Stock Disposition 2016-01-22 47,754 $34.01 124,664 No 4 F Direct
Common Stock Disposition 2016-01-25 64,298 $33.99 60,366 No 4 S Direct
Common Stock Acquisiton 2016-01-25 107,883 $33.23 168,249 No 4 M Direct
Common Stock Disposition 2016-01-25 50,080 $33.23 118,169 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Unit (SIP) Disposition 2016-01-22 112,052 $0.00 112,052 $0.00
Common Stock Performance Stock Unit (SIP) Disposition 2016-01-25 107,883 $0.00 107,883 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 119 Indirect Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock 12,824 Indirect Held in trust for benefit of Mr. Spence's wife.
Footnotes
  1. Total includes the reinvestment of dividends.
  2. Shares withheld by the Company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
  3. Represents the sale of 64,298 shares of common stock pursuant to a 10b5-1 plan, dated November 6, 2015.
  4. Represents the weighted average sales price for price increments ranging from $33.711 to $34.165.
  5. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
  6. The contractual vesting of these units was to occur on 01/24/2016, but because that occurred on a weekend, the actual vesting occurred on 01/25/2016, valued as of the close of market on 01/22/2016.
  7. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (142.86%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2015. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/21/2016 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2016.