Filing Details

Accession Number:
0001209191-16-093566
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-26 14:22:23
Reporting Period:
2016-01-22
Filing Date:
2016-01-26
Accepted Time:
2016-01-26 14:22:23
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
1504298 A Victor Staffieri Two North Ninth Street
Allentown PA 18101
President Of A Ppl Subsidiary 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 39,351 $34.01 39,351 No 4 M Direct
Common Stock Disposition 2016-01-22 15,509 $34.01 23,842 No 4 F Direct
Common Stock Acquisiton 2016-01-25 81,426 $26.59 105,268 No 4 M Direct
Common Stock Disposition 2016-01-25 105,267 $33.99 1 No 4 S Direct
Common Stock Acquisiton 2016-01-25 33,917 $33.23 33,918 No 4 M Direct
Common Stock Disposition 2016-01-25 17,010 $33.23 16,908 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M 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 39,351 $0.00 39,351 $0.00
Common Stock Employee Stock Options (Right to Buy) Disposition 2016-01-25 81,426 $0.00 81,426 $26.59
Common Stock Performance Stock Unit (SIP) Disposition 2016-01-25 33,917 $0.00 33,917 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
1 2023-01-23 No 4 M Direct
0 No 4 M Direct
Footnotes
  1. 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).
  2. Represents the exercise of 81,426 stock options and sale of underlying shares, and the sale of 23,841 shares of common stock pursuant to a 10b5-1 plan, dated February 6, 2015.
  3. 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.
  4. Represents the weighted average sales price for price increments ranging from $33.71 to $34.17.
  5. Total includes the reinvestment of dividends.
  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. Represents the exercise of 81,426 stock options from a total grant of 228,147 options. The total grant of options vested in three installments on January 24, 2014, January 24, 2015 and January 24, 2016.
  8. 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.