BUTLER KEITH G 4
4 · DUKE ENERGY CORP · Filed Feb 28, 2005
Insider Transaction Report
Form 4
BUTLER KEITH G
Vice President and Controller
Transactions
- Award
LTIP Phantom Stock Grant Feb 2005
2005-02-28+7,800→ 7,800 total→ Common Stock (7,800 underlying) - Exercise/Conversion
Common Stock
2005-02-24+1,860→ 6,458 total - Exercise/Conversion
LTIP Phantom Stock 2004 Grant
2005-02-24−1,860→ 7,440 total→ Common Stock (1,860 underlying) - Tax Payment
Common Stock
2005-02-24$26.35/sh−604$15,915→ 5,854 total
Holdings
- 5,132(indirect: By Trust)
Common Stock
- 24(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]1-for-1
- [F2]The phantom stock vests in 5 equal annual installments beginning on February 24, 2005.
- [F3]FOR ELECTRONIC FILING PURPOSES ONLY. Expiration date not applicable.
- [F4]One fifth will vest on each of the first five anniversaries of the grant date provided the recipient continues to be employed by the registrant or employment terminates on account of retirement. Proration and immediate vesting apply if the recipient's employment terminates as a result of death, disability, or by the registrant without cause or as a result of a divestiture. Vesting upon separation from service will occur if the executive's employment is terminated by Duke Energy without cause within two years following a "change in control" (as defined in the Duke Energy 1998 Long-Term Incentive Plan).