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 OF SECURITIES 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 * Dudkin Gregory N   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 NORTH NINTH STREET 3. Date of Earliest Transaction (Month/Day/Year) 01/21/2015 (Street) ALLENTOWN, PA 18101 4. If Amendment, Date 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 (City) (State) (Zip) 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 01/21/2015   M(1)   20,820 A $ 31.17 20,820 D   Common Stock 01/21/2015   S(1)   20,820 D $ 35.99 0 D   Common Stock 01/21/2015   M(1)   34,810 A $ 25.74 34,810 D   Common Stock 01/21/2015   S(1)   34,810 D $ 35.99 0 D   Common Stock               63.018 (2) I Held in trust pursuant to the Employee Stock Ownership Plan.

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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 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)

$ 31.17

01/21/2015

M(1)

20,820

(3)

01/20/2020

Common Stock

20,820

$ 0

0

D

Employee Stock Options (Right to Buy)

$ 25.74

01/21/2015

M(1)

34,810

(4)

01/26/2021

Common Stock

34,810

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Dudkin Gregory N TWO NORTH NINTH STREET ALLENTOWN, PA 18101			President of a PPL Subsidiary

Signatures

/s/Frederick C. Paine, as Attorney-In-Fact for Gregory N. Dudkin		01/22/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	This Form 4 report reflects the exercise of 55,630 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated November 17, 2014.
(2)	Total includes the reinvestment of dividends.
(3)	Represents the exercise of 20,820 stock options from a total grant of 25,720 options. The other 4,900 stock options from this grant were exercised on January 5, 2015. The total grant of 25,720 stock options vested in three installments on January 21, 2011, January 21, 2012 and January 21, 2013.
(4)	Represents the exercise of 34,810 stock options from a total grant of 43,110 options. The other 8,300 stock options from this grant were exercised on January 5, 2015. The total grant of 43,110 stock options vested in three equal installments on January 27, 2012, January 27, 2013 and January 27, 2014.

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