SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HOPF CLARENCE J JR

(Last)

(First)

(Middle)

TWO N. NINTH STREET

(Street)

ALLENTOWN

18101

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PPL CORP [ PPL ]

5. 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

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2008

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/23/2008		M⁽¹⁾		15,404	A	$35.12	62,340.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		6,704	D	$52	55,636.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		500	D	$52.01	55,136.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		100	D	$52.015	55,036.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		700	D	$52.02	54,336.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		1,500	D	$52.0225	52,836.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		300	D	$52.03	52,536.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		1,100	D	$52.04	51,436.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		1,500	D	$52.0425	49,936.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		500	D	$52.045	49,436.087⁽²⁾	D
Common Stock	06/23/2008		S⁽¹⁾		2,500	D	$52.05	46,936.087⁽²⁾	D
Common Stock								15.436⁽²⁾	I	Held in trust pursuant to the Employee Stock Ownership Plan.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Options (Right to Buy)	$35.12	06/23/2008		M⁽¹⁾			15,404	⁽³⁾	01/24/2017	Common Stock	15,404	$0.00	73,796	D

Explanation of Responses:

1. This Form 4 report reflects the exercise of stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated December 11, 2007.

2. Total includes reinvestment of dividends under Dividend Reinvestment Plan, Employee Stock Ownership Plan or Incentive Compensation Plans, as applicable.

3. The total grant of 46,210 options vests in three installments of 15,404 options on 01/26/2008, 15,403 options on 01/26/2009 and 15,403 options on 01/26/2010.

Remarks:

	/s/Frederick C. Paine, as Attorney-In-Fact for Clarence J. Hopf, Jr.	06/24/2008
	** 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 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).
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