X0306 4 2016-01-22 0 0000922224 PPL Corp PPL 0001221369 GREY ROBERT J TWO N. NINTH STREET ALLENTOWN PA 18101 0 1 0 0 EVP and Chief Legal Officer Common Stock 2016-01-22 4 M 0 20631.316 34.01 A 21270.316 D Common Stock 2016-01-22 4 F 0 6657 34.01 D 14613.316 D Common Stock 2016-01-25 4 M 0 17787 33.23 A 32400.316 D Common Stock 2016-01-25 4 F 0 6955 33.23 D 25445.316 D Common Stock 459.991 I Held in trust pursuant to the Employee Stock Ownership Plan. Stock Unit (SIP) 0.00 2016-01-22 4 M 0 20631.316 0.00 D Common Stock 20631.316 0 D Performance Stock Unit (SIP) 0.00 2016-01-25 4 M 0 17787 0.00 D Common Stock 17787 0 D 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). Total includes the reinvestment of dividends. 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. 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. /s/Frederick C. Paine, as Attorney-In-Fact for Robert J. Grey 2016-01-26