SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Dudkin Gregory N

(Last)

(First)

(Middle)

TWO NORTH NINTH STREET

(Street)

ALLENTOWN

18101

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/05/2012

3. Issuer Name and Ticker or Trading Symbol
PPL Corp [ PPL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President of a PPL Subsidiary

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D
Common Stock	41.333⁽¹⁾	I	Held in trust pursuant to the Employee Stock Ownership Plan.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Options (Right to Buy)	⁽²⁾	06/28/2019	Common Stock	15,640	$33.39	D
Employee Stock Options (Right to Buy)	⁽³⁾	01/20/2020	Common Stock	25,720	$31.17	D
Employee Stock Options (Right to Buy)	⁽⁴⁾	01/26/2021	Common Stock	43,110	$25.74	D
Employee Stock Options (Right to Buy)	⁽⁵⁾	01/25/2022	Common Stock	43,220	$28.2	D
Stock Unit (ICPKE)	⁽⁶⁾	⁽⁶⁾	Common Stock	2,250	⁽⁷⁾	D
Stock Unit (ICPKE)	⁽⁸⁾	⁽⁸⁾	Common Stock	3,070	⁽⁷⁾	D
Stock Unit (ICPKE)	⁽⁹⁾	⁽⁹⁾	Common Stock	9,020	⁽⁷⁾	D
Stock Unit (ICPKE)	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	15,000	⁽⁷⁾	D
Stock Unit (ICPKE)	⁽¹¹⁾	⁽¹¹⁾	Common Stock	11,690	⁽⁷⁾	D
Performance Stock Unit (ICPKE)	⁽¹²⁾	⁽¹²⁾	Common Stock	3,002.167⁽¹⁾	⁽¹²⁾	D
Performance Stock Unit (ICPKE)	⁽¹³⁾	⁽¹³⁾	Common Stock	3,555.203⁽¹⁾	⁽¹³⁾	D
Performance Stock Unit (ICPKE)	⁽¹⁴⁾	⁽¹⁴⁾	Common Stock	6,400	⁽¹⁴⁾	D

Explanation of Responses:

1. Total includes the reinvestment of dividends.

2. The option became exercisable as to 5,213 shares on 06/29/2010 and 5,213 shares on 06/29/2011, and becomes exercisable as to the remaining 5,214 shares on 06/29/2012.

3. The option became exercisable as to 8,573 shares on 01/21/2011 and 8,573 shares on 01/21/2012, and becomes exercisable as to the remaining 8,574 shares on 01/21/2013.

4. The option became exercisable as to 14,370 shares on 01/27/2012, and becomes exercisable as to the remaining 28,740 shares in equal installments on 01/27/2013 and 01/27/2014.

5. The options vest in three annual installments beginning on 01/26/2013.

6. The units will vest on 06/29/2012.

7. No conversion or exercise price applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), a restricted stock unit converts to a share of common stock on the applicable vesting date.

8. The units will vest on 01/21/2013.

9. The units will vest on 01/27/2014.

10. The units will vest on 06/17/2017.

11. The units will vest on 01/26/2015.

12. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2012.

13. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2013.

14. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan for Key Employees (ICPKE), 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 12/31/2014.

Remarks:

	/s/Frederick C. Paine, as Attorney-In-Fact for Gregory N. Dudkin	03/07/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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