4//SEC Filing
Jones Robert Wood 4
Accession 0001094093-12-000170
CIK 0001094093other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 9:46 AM ET
Size
10.9 KB
Accession
0001094093-12-000170
Insider Transaction Report
Form 4
Jones Robert Wood
Director
Transactions
- Disposition to Issuer
Units based on value of Common Stock
2012-07-02−14,736→ 0 total→ Common Stock (14,736 underlying) - Disposition to Issuer
Units based on value of Common Stock
2012-07-02−7,725→ 0 total→ Common Stock (7,725 underlying) - Disposition to Issuer
Common Stock
2012-07-02−1,000→ 0 total
Footnotes (5)
- [F1]Disposed of pursuant to the merger (the "Merger") of Progress Energy, Inc. ("Progress") with a subsidiary of Duke Energy Corporation ("Duke") whereby each share of Progress common stock, without par value, was converted into .87083 shares of Duke common stock, par value $.001 per share, having a market value based on the closing price of a share of Duke common stock on the New York Stock Exchange on the last day of trading prior to the effective date of the Merger of $69.84 (as adjusted to reflect Duke's 1-for-3 reverse stock split) per share and a cash payment being made for any fractional shares.
- [F2]Under the Progress Non-Employee Director Deferred Compensation Plan, non-employee directors of the Progress Board of Directors (the "Board") could elect to defer a portion of their annual retainer and Board attendance fees until after the termination of their service on the Board. Any deferred fees were deemed to be invested in a number of units of common stock of Progress.
- [F3]The Progress Non-Employee Director Stock Unit Plan provides for an annual grant of stock units equivalent to $60,000 to each non-employee director. Each unit is equal in economic value to one share of Progress' common stock.
- [F4]Each Non-Employee Director Deferred Compensation Plan Unit, which was convertible at a rate of 1 unit for 1 share of Progress common stock, without par value, was disposed of pursuant to the Merger in exchange for .87083 corresponding units of Duke; subject to the same terms and conditions.
- [F5]Each Non-Employee Director Stock Unit, which was convertible at a rate of 1 unit for 1 share of Progress common stock, without par value, was disposed of pursuant to the Merger in exchange for .87083 corresponding units of Duke; subject to the same terms and conditions.
Documents
Issuer
PROGRESS ENERGY INC
CIK 0001094093
Entity typeother
Related Parties
1- filerCIK 0001398160
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 9:46 AM ET
- Size
- 10.9 KB