Schiller Frank A 4
4 · PROGRESS ENERGY INC · Filed Mar 11, 2010
Insider Transaction Report
Form 4
Schiller Frank A
Senior Vice President
Transactions
- Award
Common Stock
2010-02-23$50.70/sh+5,105$258,824→ 29,440 total
Holdings
- 5,356(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]On February 23, 2010 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 February 23, 2010. Pursuant to the terms of the PSSP, upon conversion of such units to shares of common stock, a number of shares necessary to cover the required taxes will be withheld and sold at a later date. The final number of shares of Common Stock to be received will be determined following the sale of a portion of the shares to pay taxes.
- [F2]Share price on grant date - March 20, 2007.
- [F3]Includes 807 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401(k) Plan between February 2009 and February 2010.