4//SEC Filing
ARNELLE H JESSE 4
Accession 0001182699-05-000007
CIK 0000753308other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:16 PM ET
Size
17.4 KB
Accession
0001182699-05-000007
Insider Transaction Report
Form 4
ARNELLE H JESSE
Director
Transactions
- Award
Deferred Compensation Stock Units
2005-06-15$40.80/sh+24$979→ 2,793 total→ Common Stock - Award
Phantom Stock Units
2005-06-15$40.76/sh+393$16,019→ 9,365 total→ Common Stock
Holdings
- 9,894
Phantom Shares
→ Common Stock
Footnotes (5)
- [F1]Phantom Shares credited to an account for the reporting person pursuant to the FPL Group, Inc. Supplemental Pension Plan for Non-Employee Directors established in connection with the termination of the FPL Group, Inc. Non-Employee Director Retirement Plan. Accounts are payable only in cash at end of deferral period. This filing is not an admission that Phantom Shares are derivative securities.
- [F2]Phantom Stock Units approximate the number of phantom shares of FPL Group, Inc. common stock attributable to phantom units credited to the reporting person's account under the FPL Group, Inc. Deferred Compensation Plan (the Plan). Compensation deferred under the Plan is deemed to be invested in a number of unfunded theoretical units equal to the number of units which would have been credited if the deferred compensation had been invested in FPL Group's company stock fund in its Thrift Plan (the Stock Fund). The Stock Fund is accounted for in units of a unitized pool of stock and cash, with the value of each unit determined by reference to the closing price of FPL Group, Inc. common stock on the New York Stock Exchange on any given date.
- [F3](Footnote No. 2 continued) Phantom Stock Units reported above are estimated based on the number of shares of FPL Group, Inc. common stock in the Stock Fund represented by each unit of the Stock Fund on a given date, multiplied by the number of theoretical units credited to the reporting person upon a deferral or held at the end of the period. Accounts are payable only in cash at the end of the deferral period. This filing is not an admission that Phantom Stock Units or the theoretical units of the Stock Fund are derivative securities.
- [F4]Differences in holdings on any given date may result from varying percentages of cash and stock held in the Stock Fund on different dates.
- [F5]Credited as a phantom dividend on phantom stock units in reporting person's account under the Director and Executive Compensation Deferral Plan (the Deferral Plan). Compensation deferred under the Deferral Plan and phantom dividends thereon are deemed to be invested in theoretical units of common stock equal to the dollar amount deferred divided by the fair market value of one share of FPL Group, Inc. common stock. Accounts are payable only in cash at end of deferral period. This filing is not an admission that Deferred Compensation Stock Units or the theoretical units are derivative securities.
Issuer
FPL GROUP INC
CIK 0000753308
Entity typeother
Related Parties
1- filerCIK 0001182699
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:16 PM ET
- Size
- 17.4 KB