MCARTHUR JOHN R 4
4 · PROGRESS ENERGY INC · Filed Feb 28, 2011
Insider Transaction Report
Form 4
MCARTHUR JOHN R
Executive Vice President
Transactions
- Tax Payment
Common Stock
2011-02-24$45.31/sh−3,541$160,446→ 79,576 total
Holdings
- 3,725(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]On February 22, 2011 the Organization and Compensation Committee approved a payout of performance units granted on March 18, 2008 under the Company's Performance Share Sub-Plan (PSSP). The number of units payable pursuant to the 2008 grant was determined in accordance with the PSSP on February 22, 2011. Pursuant to the terms of the PSSP, those units were converted to shares of our Common Stock and on February 24, 2011, the number of shares necessary to pay the required taxes was withheld and sold.
- [F2]Includes 454 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401(k) Plan between February 2010 and January 2011.