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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Gabbard Robert D (Last) (First) (Middle) TWO NORTH NINTH STREET (Street) ALLENTOWN PA 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) 02/03/2015
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2015		M(1)		18,477	A	$25.74	72,421	D
Common Stock	02/03/2015		M(1)		36,800	A	$28.2	109,221	D
Common Stock	02/03/2015		M(1)		35,030	A	$31.93	144,251	D
Common Stock	02/03/2015		M(1)		32,140	A	$31.17	176,391	D
Common Stock	02/03/2015		M(1)		62,013	A	$29.51	238,404	D
Common Stock	02/03/2015		S(1)		184,460	D	$36.002(2)(3)	53,944	D
Common Stock								80.031(4)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (Right to Buy)	$25.74	02/03/2015		M(1)			18,477	(5)	01/26/2021	Common Stock	18,477	$0.00	0	D
Employee Stock Options (Right to Buy)	$28.2	02/03/2015		M(1)			36,800	(6)	01/25/2022	Common Stock	36,800	$0.00	0	D
Employee Stock Options (Right to Buy)	$31.93	02/03/2015		M(1)			35,030	(7)	01/21/2019	Common Stock	35,030	$0.00	0	D
Employee Stock Options (Right to Buy)	$31.17	02/03/2015		M(1)			32,140	(8)	01/20/2020	Common Stock	32,140	$0.00	0	D
Employee Stock Options (Right to Buy)	$29.51	02/03/2015		M(1)			62,013	(9)	01/23/2023	Common Stock	62,013	$0.00	31,007	D

Explanation of Responses:

1. This Form 4 report reflects the exercise of 184,460 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated December 12, 2014.

2. Represents the weighted average sales price for price increments ranging from $36.000 to $36.010.

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. Total includes the reinvestment of dividends.

5. Represents the exercise of 18,477 stock options from a total grant of 55,430 options. The total grant of options vested in three installments on January 27, 2012, January 27, 2013 and January 27, 2014.

6. Represents the exercise of 36,800 stock options from a total grant of 55,200 options. The total grant of options vested in three equal installments on January 26, 2013, January 26, 2014 and January 26, 2015.

7. Represents the exercise of a total grant of 35,030 stock options. The total grant of options vested in three installments on January 22, 2010, January 22, 2011 and January 22, 2012.

8. Represents the exercise of a total grant of 32,140 stock options. The total grant of options vested in three installments on January 21, 2011, January 21, 2012 and January 21, 2013.

9. Represents the exercise of 62,013 stock options from a total grant of 93,020 options. The remaining 31,007 options vest on January 24, 2016.

Remarks:

	/s/Frederick C. Paine, as Attorney-In-Fact for Robert D. Gabbard	02/04/2015
	** 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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