GOULDING PHILIP L 4

4 · ALLEGHENY ENERGY, INC · Filed Dec 19, 2007

Form 4

Period: 2007-12-17

Sr. Vice Pres. & CFO

Transactions

Exercise/Conversion
Common Stock, $1.25 par value
2007-12-17$13.35/sh+100,000$1,335,000→ 221,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.48/sh−2,000$120,960→ 219,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.99/sh−1,704$103,927→ 145,008 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.60/sh−5,000$303,000→ 210,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.90/sh−10,000$609,000→ 150,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.85/sh−8,000$486,800→ 160,712 total
Exercise/Conversion
Stock Options (right to buy)
2007-12-17−100,000→ 546,403 total
Exercise: $13.35Exp: 2014-02-18→ Common Stock (100,000 underlying)
Sale
Common Stock, $1.25 par value
2007-12-17$60.50/sh−3,000$181,500→ 216,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.75/sh−20,000$1,215,000→ 180,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.80/sh−4,000$243,200→ 168,712 total
Sale
Common Stock, $1.25 par value
2007-12-17$60.55/sh−1,000$60,550→ 215,712 total

Holdings

Footnotes (4)

[F1]Represents shares of the Issuer's Common Stock issued to Mr. Goulding in connection with the exercise of Stock Options pursuant to a 10b5-1 Trading Plan.
[F2]Shares sold in connection with the exercise of Stock Options pursuant to a 10b5-1 Trading Plan.
[F3]Held through the Allegheny Energy, Inc. Employee Stock Ownership and Savings Plan.
[F4]The Stock Options were granted under the Issuer's Long Term Incentive Plan. Mr. Goulding was granted 1,500,000 Stock Options on February 18, 2004. One-fifth of the Stock Options vested on each October 13 from 2004 through 2007. The remaining Stock Options will vest on October 13, 2008, provided that Mr. Goulding is an employee of the Issuer on the applicable vesting date. Upon a change in control of the Issuer (as defined), all Stock Options will immediately vest.

Documents

1 file