Scarola James 4
4 · PROGRESS ENERGY INC · Filed May 15, 2012
Insider Transaction Report
Form 4
Scarola James
Senior Vice President
Transactions
- Discretionary Transaction
Units based on value of Common Stock
2012-05-11$54.95/sh−7,080$389,046→ 8,658 total→ Common Stock (7,080 underlying)
Footnotes (3)
- [F1]Management Incentive Compensation Plan (the "MICP") units are convertible at a rate of 1 for 1.
- [F2]Units are payable100 percent in cash in accordance with payment schedule selected by the reporting person on his Election Form, and may be transferred by the reporting person into an alternative investment account at any time. Pursuant to the terms of the MICP, the reporting person transferred 7,080 units to other investment accounts on May 11, 2012.
- [F3]Includes 1,653 units acquired between April 2010 and April 2012 through routine dividend reinvestment transactions that are exempt under Rule 16a-11.