4//SEC Filing
ARNELLE H JESSE 4
Accession 0001182699-06-000006
CIK 0000753308other
Filed
Jun 15, 8:00 PM ET
Accepted
Jun 16, 11:38 AM ET
Size
11.4 KB
Accession
0001182699-06-000006
Insider Transaction Report
Form 4
ARNELLE H JESSE
Director
Transactions
- Award
Deferred Compensation Stock Units
2006-06-15$40.95/sh+26$1,065→ 2,890 total→ Common Stock - Award
Phantom Stock Units
2006-06-15$41.14/sh+479$19,706→ 11,015 total→ Common Stock
Holdings
- 9,894
Phantom Shares
→ Common Stock
Footnotes (6)
- [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 in cash at the end of the deferral period.
- [F2]Phantom Stock Units approximate the number of phantom shares of the Issuer's common stock attributable to phantom units credited to the reporting person's account under the FPL Group, Inc. Deferred Compensation Plan (the "Plan"). Amounts deferred under the Plan, including amounts attributable to reinvested dividends, are 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 amounts had been invested in the Issuer'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. Phantom Stock Units are estimated based on the number of shares of the Issuer's common stock in the Stock Fund and the number of theoretical units credited to the reporting person. Accounts are payable in cash at the end of the deferral period.
- [F3]Credited as a phantom dividend on phantom stock in reporting person's account under the Director and Executive Compensation Deferral Plan (the "Deferral Plan"). Amounts deferred under the Deferral Plan and phantom dividends thereon are deemed to be invested in that number of theoretical shares of Issuer common stock determined by dividing the dollar amount deferred by the fair market value (as defined in the Deferral Plan) of one share of such common stock. Accounts are payable in cash at the end of the deferral period.
- [F4]Closing price of Issuer's common stock on NYSE on the relevant date (price used to value units in the Stock Fund).
- [F5]Differences in holdings between any given dates may result from varying percentages of cash and stock held in the Stock Fund on those dates.
- [F6]Mean between the high and low sales prices of the Issuer's common stock on the relevant date, which is fair market value as defined in the Deferral Plan.
Documents
Issuer
FPL GROUP INC
CIK 0000753308
Entity typeother
Related Parties
1- filerCIK 0001182699
Filing Metadata
- Form type
- 4
- Filed
- Jun 15, 8:00 PM ET
- Accepted
- Jun 16, 11:38 AM ET
- Size
- 11.4 KB