Escoto Robert H 4

4 · FPL GROUP INC · Filed Jun 16, 2006

Form 4

Period: 2006-06-15

VP-Human ResourcesOther

Transactions

Exercise/Conversion
Common Stock
2006-06-15$27.31/sh+10,000$273,100→ 35,569 total
Exercise/Conversion
Common Stock
2006-06-15$27.56/sh+10,000$275,600→ 45,569 total
Sale
Common Stock
[F1]
2006-06-15$40.95/sh−5,766$236,118→ 39,803 total
Sale
Common Stock
[F1]
2006-06-15$40.96/sh−2,600$106,496→ 37,203 total
Sale
Common Stock
[F1]
2006-06-15$40.97/sh−3,600$147,492→ 33,603 total
Sale
Common Stock
[F1]
2006-06-15$40.98/sh−800$32,784→ 32,803 total
Sale
Common Stock
[F1]
2006-06-15$40.99/sh−400$16,396→ 32,403 total
Sale
Common Stock
[F1]
2006-06-15$41.00/sh−6,500$266,500→ 25,903 total
Sale
Common Stock
[F1]
2006-06-15$41.03/sh−2,665$109,345→ 23,238 total
Exercise/Conversion
Employee Stock Option (Right to Buy)
[F5][F4]
2006-06-15−10,000→ 0 total
Exercise: $27.31Exp: 2012-03-04→ Common Stock (10,000 underlying)
Exercise/Conversion
Employee Stock Option (Right to Buy)
[F5][F4]
2006-06-15−10,000→ 0 total
Exercise: $27.56Exp: 2013-02-13→ Common Stock (10,000 underlying)

Holdings

Common Stock
[F2]
(indirect: By Trust)
4,508
Phantom Shares
[F3]
→ Common Stock
126
Employee Stock Option (Right to Buy)
[F6]
Exercise: $41.76Exp: 2016-02-16→ Common Stock (12,500 underlying)
12,500

Footnotes (6)

[F1]Sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2006.
[F2]As of June 14, 2006
[F3]Phantom shares are annually credited to an unfunded Supplemental Matching Contribution Account ("SMCA") for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan in an amount approved on the transaction date by the Issuer's Compensation Committee, which amount is determined by dividing an amount equal to (a) certain matching contributions in excess of the limits of the Issuer's Thrift Plan ("Thrift Plan") plus (b) theoretical earnings, by (c) the closing price of the Issuer's common stock on the last business day of the relevant year ($41.56 in 2005). The value of the SMCA is payable in cash following the reporting person's termination of employment with the Issuer and its subsidiaries.
[F4]Options are currently exercisable.
[F5]Not applicable.
[F6]Options to buy 4,167 shares become exercisable on each of 02/16/2007 and 02/16/2008 and options to buy 4,166 shares become exercisable on 02/16/2009.

Signature

Alissa E. Ballot (Attorney-in-Fact)|2006-06-16

Documents

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