PROGRESS ENERGY INC 4
4 · PROGRESS ENERGY INC · Filed Oct 2, 2003
Insider Transaction Report
Form 4
WILLIAMS E MICHAEL
Sr. VP of major subsidiary
Transactions
- Other
Units based on value of Common Stock
2003-08-01$40.45/sh+4$162→ 339 total→ Common Stock (4 underlying) - Award
Employee Stock Option (right to buy)
2003-10-01+31,000→ 31,000 totalExercise: $44.75From: 2004-10-01Exp: 2013-09-30→ Common Stock (31,000 underlying) - Other
Units based on value of Common Stock
2003-08-01$40.75/sh+143$5,827→ 10,564 total→ Common Stock (143 underlying) - Other
Units based on value of Common Stock
2003-08-01$40.45/sh+354$14,319→ 25,880 total→ Common Stock (354 underlying)
Footnotes (7)
- [F1]Management Deferred Compensation Plan units are convertible at a rate of 1 for 1.
- [F2]Units acquired through routine reinvestment of dividends that are exempt under Rule 16a-11.
- [F3]Units will be settled 100 percent in cash in accordance with schedule provided in the Plan.
- [F4]Based upon payment schedule selected on Election Form.
- [F5]Management Incentive Compensation Plan units are convertible at a rate of 1 for 1.
- [F6]Performance Share Sub Plan units are convertible at a rate of 1 for 1.
- [F7]The options vest in three equal annual installments beginning on October 1, 2004.