Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Staffieri Victor A
   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)
01/26/2015
(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 01/26/2015   M   36,790 A $ 35.71 36,790 D  
Common Stock 01/26/2015   F(1)   14,461 D $ 35.71 22,329 D  
Common Stock 01/26/2015   M(2)   73,360 A $ 29.51 95,689 D  
Common Stock 01/26/2015   M(2)   45,350 A $ 28.2 141,039 D  
Common Stock 01/26/2015   S(2)   118,710 D $ 35.514 (3) (4) 22,329 D  
Common Stock 01/27/2015   S(5)   22,329 D $ 35.721 (4) (6) 0 D  
Common Stock 01/27/2015   M   13,921 A $ 35.7 13,921 D  
Common Stock 01/27/2015   F(1)   6,982 D $ 35.7 6,939 D  

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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
Stock Unit (ICP) $ 0 01/26/2015   M     36,790   (7)   (7) Common Stock 36,790 $ 0 0 D  
Employee Stock Options (Right to Buy) $ 29.51 01/26/2015   M(2)     73,360   (8) 01/23/2023 Common Stock 73,360 $ 0 73,360 D  
Employee Stock Options (Right to Buy) $ 28.2 01/26/2015   M(2)     45,350   (9) 01/25/2022 Common Stock 45,350 $ 0 0 D  
Performance Stock Unit (ICP) $ 0 01/27/2015   M     13,921   (10)   (10) Common Stock 13,921 $ 0 0 D  

Reporting Owners

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

Signatures

 /s/Frederick C. Paine, as Attorney-In-Fact for Victor A. Staffieri   01/28/2015
**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) 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 Incentive Compensation Plan (ICP).
(2) Represents the exercise of 118,710 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated February 25, 2014.
(3) Represents the weighted average sales price for price increments ranging from $35.330 to $35.645.
(4) 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.
(5) Represents the sale of 22,329 shares of common stock pursuant to a 10b5-1 plan, dated February 25, 2014.
(6) Represents the weighted average sales price for price increments ranging from $35.510 to $35.855.
(7) The units vested on 01/26/2015.
(8) Represents the exercise of 73,360 stock options from a total grant of 220,080 stock options. 73,360 stock options from this grant were exercised on April 14, 2014. The remaining 73,360 stock options vest on January 24, 2016.
(9) Represents the exercise of 45,350 stock options from a total grant of 136,050 stock options. The total grant of options vested in three installments on January 26, 2013, January 26, 2014 and January 26, 2015.
(10) No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan (ICP), the underlying securities were earned (60%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/22/2015 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2015.

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