DAVIS DONALD K 4
4 · PROGRESS ENERGY INC · Filed Apr 21, 2005
Insider Transaction Report
Form 4
DAVIS DONALD K
Exec. VP of major subsidiary
Transactions
- Disposition to Issuer
Units based on value of Common Stock
[F7][F2][F3][F8]2005-04-20$42.54/sh−3,114$132,470→ 28,255 total→ Common Stock (3,114 underlying)
Holdings
- 429
Units based on value of Common Stock
[F1][F2][F3][F4]→ Common Stock (429 underlying) - 8,927
Units based on value of Common Stock
[F5][F2][F3][F6]→ Common Stock (8,927 underlying)
Footnotes (8)
- [F1]Management Deferred Compensation Plan units are convertible at a rate of 1 for 1.
- [F2]Units will be settled 100 percent in cash in accordance with schedule provided in the Plan.
- [F3]Based upon payment schedule selected on Election Form.
- [F4]Includes 23 units acquired between May 2004 and April 2005 through routine reinvestment of dividends that are exempt under Rule 16a-11.
- [F5]Management Incentive Compensation Plan units are convertible at a rate of 1 for 1.
- [F6]Includes 466 units acquired between May 2004 and April 2005 through routine reinvestment of dividends that are exempt under Rule 16a-11.
- [F7]Performance Share Sub-Plan units are convertible at a rate of 1 for 1.
- [F8]Includes 1,801 units acquired between May 2004 and April 2005 through routine reinvestment of dividends that are exempt under Rule 16a-11 and a forfeiture of 3,114 units in connection with the April 20, 2005 settlement transaction for Plan Year 2002 due to Plan provisions.
Signature
Donald K. Davis by Robert M. Williams pursuant to POA|2005-04-21