Stone Jeffrey M 4
4 · PROGRESS ENERGY INC · Filed Jul 5, 2012
Insider Transaction Report
Form 4
Stone Jeffrey M
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2012-07-02−7,940→ 0 total - Disposition to Issuer
Units based on Common Stock
2012-07-02−10,411→ 0 total→ Common Stock (10,411 underlying) - Disposition to Issuer
Common Stock
2012-07-02−20→ 0 total(indirect: By 401(k))
Footnotes (3)
- [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]Includes 4,922 Restricted Stock Units, which are convertible at a rate of 1 unit for 1 share of Progress common stock, without par value. Each such unit was disposed of pursuant to the Merger in exchange for .87083 corresponding units of Duke, subject to the same terms and conditions.
- [F3]Each Performance Share Sub-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..