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 *
Gabbard Robert D
   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)
02/03/2015
(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 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 25.74 02/03/2015   M(1)     18,477   (5) 01/26/2021 Common Stock 18,477 $ 0 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 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 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 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 31,007 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Gabbard Robert D
TWO NORTH NINTH STREET
ALLENTOWN, PA 18101		       President of a PPL subsidiary  

Signatures

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

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