Schiller Frank A 4
4 · PROGRESS ENERGY INC · Filed Mar 26, 2009
Insider Transaction Report
Form 4
Schiller Frank A
Senior Vice President
Transactions
- Tax Payment
Common Stock
2009-03-24$35.76/sh−1,227$43,876→ 24,335 total
Holdings
- 4,549(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]On March 17, 2009 the Organization and Compensation Committee approved a payout of performance units granted on March 20, 2007 under the Company's Performance Share Sub-Plan (PSSP). The number of units payable pursuant to the 2007 grant was determined in accordance with the PSSP on March 17, 2009. Pursuant to the terms of the PSSP, those units were converted to shares of our Common Stock and on March 24, 2009, the number of shares necessary to pay the required taxes was withheld and sold.
- [F2]Includes 147 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401(k) Plan between January 2009 and February 2009.