WILLIAMS E MICHAEL 4
4 · PROGRESS ENERGY INC · Filed Dec 28, 2006
Insider Transaction Report
Form 4
WILLIAMS E MICHAEL
Sr. VP of major subsidiary
Transactions
- Exercise/Conversion
Common Stock
2006-12-27$44.75/sh+4,900$219,275→ 37,647 total - Sale
Common Stock
2006-12-27$49.50/sh−4,900$242,550→ 32,747 total - Exercise/Conversion
Employee Stock Option (right to buy)
2006-12-27−4,900→ 26,100 totalExercise: $44.75Exp: 2013-09-30→ Common Stock (4,900 underlying)
Holdings
- 2,468(indirect: By 401(k))
Common Stock
- 32,951
Units based on value of Common Stock
→ Common Stock (32,951 underlying) - 10,240
Units based on value of Common Stock
→ Common Stock (10,240 underlying)
Footnotes (5)
- [F1]The option vested in three equal installments on October 1, 2004, 2005, 2006.
- [F2]Management Incentive Compensation Plan units are convertible at a rate of 1 for 1.
- [F3]Based upon payment schedule selected on Election Form.
- [F4]Units will be settled 100 percent in cash in accordance with schedule provided in the Plan.
- [F5]Performance Share Sub Plan units are convertible at a rate of 1 for 1.