Sec Form 4 Filing - Klingensmith Rick L @ PPL Corp - 2014-05-29

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

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, 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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1. Name and Address of Reporting Person Klingensmith Rick L 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 (Last) (First) (Middle) TWO N. NINTH STREET 3. Date of Earliest Transaction (MM/DD/YY) 05/29/2014 (Street) ALLENTOWN, PA18101 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/29/2014 M( 1 ) 18,000 A $ 25.74 41,039 D Common Stock 05/29/2014 S( 1 ) 18,000 D $ 34.75 23,039 D Common Stock 05/30/2014 M( 1 ) 17,433 A $ 25.74 40,472 D Common Stock 05/30/2014 S( 1 ) 17,433 D $ 35 23,039 D Common Stock 05/30/2014 M( 1 ) 17,620 A $ 28.2 40,659 D Common Stock 05/30/2014 S( 1 ) 17,620 D $ 35 23,039 D Common Stock 102.118 ( 2 ) I Held in trust pursuant to the Employee Stock Ownersh ip 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Employee Stock Options (Right to Buy) $ 25.74 05/29/2014 M( 1 ) 18,000 ( 3 ) 01/26/2021 Common Stock 18,000 $ 0 35,150 D Employee Stock Options (Right to Buy) $ 25.74 05/30/2014 M( 1 ) 17,433 ( 4 ) 01/26/2021 Common Stock 17,433 $ 0 17,717 D Employee Stock Options (Right to Buy) $ 28.2 05/30/2014 M( 1 ) 17,620 ( 5 ) 01/25/2022 Common Stock 17,620 $ 0 35,240 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Klingensmith Rick L TWO N. NINTH STREET ALLENTOWN, PA18101 President of a PPL Subsidiary Signatures /s/Frederick C. Paine, as Attorney-In-Fact for Rick L. Klingensmith 06/02/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form 4 report reflects the exercise of 53,053 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated August 15, 2013. ( 2 )Total includes the reinvestment of dividends. ( 3 )Represents the exercise of 18,000 stock options from a total grant of 53,150 options. The 53,150 options vested in three installments on January 27, 2012, January 27, 2013 and January 27, 2014. ( 4 )Represents the exercise of 17,433 stock options from a total grant of 53,150 options. The 53,150 options vested in three installments on January 27, 2012, January 27, 2013 and January 27, 2014. ( 5 )Represents the exercise of 17,620 stock options from a total grant of 52,860 options. The remaining 35,240 options vest in two installments. 17,620 options vested on January 26, 2014 and 17,620 options vest on January 26, 2015.

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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