MARKELL ERIC M 4
4 · PUGET ENERGY INC /WA · Filed Jan 17, 2006
Insider Transaction Report
Form 4
MARKELL ERIC M
Sr. VP Energy Resources
Transactions
- Discretionary Transaction
Common
2006-01-12$20.47/sh+4,308$88,185→ 10,308 total(indirect: By Brokerage Account) - Tax Payment
Common
2006-01-12$20.47/sh−1,078$22,067→ 9,230 total(indirect: By Brokerage Account) - Discretionary Transaction
PSE Deferred Compensation Plan
[F1][F2]2006-01-12$20.47/sh−4,308$88,185→ 1,124 total→ Common (4,308 underlying)
Holdings
- 66
Common
- 6,601
LTIP
[F3]Exercise: $0.00From: 2005-12-31Exp: 2005-12-31→ Common (6,601 underlying) - 15,336
LTIP
[F3]Exercise: $0.00From: 2006-12-31Exp: 2006-12-31→ Common (15,336 underlying) - 13,799
LTIP
[F4]Exercise: $0.00From: 2007-12-31Exp: 2007-12-31→ Common (13,799 underlying) - 14,694
LTIP - 3 year cycle
[F5]Exercise: $0.00From: 2006-12-31Exp: 2006-12-31→ Common (14,694 underlying)
Footnotes (5)
- [F1]One common share will be received for each stock unit.
- [F2]Phantom share units deferred in the Puget Sound Energy Deferred Compensation Plan.
- [F3]LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in Puget Energy stock when vested in an amount ranging from zero to 175% of LTIP Share Grants.
- [F4]LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in stock (or up to 50% in cash) when vested in an amount ranging from zero to 155.5% of LTIP Share Grants.
- [F5]LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in stock when vested in an amount ranging from zero to 192.5% of LTIP Share Grants.
Signature
/s/ Markell, Eric M.|2006-01-13