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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom Stock Option | (1) | 05/12/2016 | M | 28,880 | (2) | 02/15/2017 | Common Stock | 28,880 | (1) | 0 | D | ||||
Phantom Stock Option | (1) | 05/12/2016 | M | 30,804 | (3) | 02/15/2023 | Common Stock | 30,804 | (1) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Symons Robert A TWO NORTH NINTH STREET ALLENTOWN, PA 18101 |
Chief Exec of a PPL Subsidiary |
/s/Frederick C. Paine, as Attorney-In-Fact for Robert A. Symons | 05/13/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each share of phantom stock represents the economic equivalent of one share of PPL common stock. The phantom stock option entitles the holder, upon exercise, to receive an amount, in cash from the holder's employer, equal to the amount by which the market price of PPL common stock on the exercise date exceeds the price of PPL common stock on the date of grant of the phantom stock option. |
(2) | A grant of 43,321 phantom stock options vested in three installments of 14,441 options on February 15, 2008, 14,440 options on February 15, 2009 and 14,440 options on February 15, 2010. |
(3) | A grant of 92,414 phantom stock options vested in three installments of 30,805 options on February 15, 2014, 30,805 options on February 15, 2015 and 30,804 options on February 15, 2016. |