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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Simmons Jerry Matthews JR 		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)
VP & Controller
(Last)          (First)          (Middle)

TWO N. NINTH STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/30/2008
(Street)

ALLENTOWN, PA 18101
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/30/2008     M (1)    3207   A $35.12   3495.161   (2) D    
Common Stock   5/30/2008     M (1)    8707   A $30.14   12202.161   (2) D    
Common Stock   5/30/2008     S (1)    11914   D $51.00   288.161   (2) D    
Common Stock                  15.436   (2) I   Held in trust pursuant to the Employee Stock Ownership Plan.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $35.12   5/30/2008     M  (1)       3207      (3) 1/24/2017   Common Stock   3207   $0.00   43833   D    
Employee Stock Options (Right to Buy)   $30.14   5/30/2008     M  (1)       8707      (4) 1/25/2016   Common Stock   8707   $0.00   35126   D    

Explanation of Responses:
( 1)  This Form 4 report reflects the exercise of stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated February 25, 2008.
( 2)  Total includes reinvestment of dividends.
( 3)  The total grant of 21,320 options vests in three installments of 7,107 options on 01/25/2008, 7,106 options on 01/25/2009 and 7,107 options on 01/25/2010.
( 4)  The total grant of 26,110 options vests in three installments of 8,703 options on 01/26/2007, 8,704 options on 01/26/2008 and 8,703 options on 01/26/2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Simmons Jerry Matthews JR
TWO N. NINTH STREET
ALLENTOWN, PA 18101

VP & Controller

Signatures
/s/Frederick C. Paine, as Attorney-In-Fact for Jerry Matthews Simmons, Jr. 6/3/2008
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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