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4//SEC Filing

FPL GROUP INC 4

Accession 0001316454-07-000002

$NEECIK 0000753308operating
View on SEC.govCompany Profile

Filed

Feb 19, 7:00 PM ET

Accepted

Feb 20, 9:53 AM ET

Size

19.5 KB

Accession

0001316454-07-000002

Insider Transaction Report

Form 4
Period: 2007-02-15
FPL GROUP INCFPL
Escoto Robert H
VP of Human ResourcesOther
Transactions
  • Sale

    Common Stock

    2007-02-16$58.85/sh−2,620$154,187→ 26,649 total
  • Award

    Phantom Shares

    2007-02-15+252→ 378 total
    → Common Stock
  • Award

    Common Stock

    2007-02-15+4,526→ 26,358 total
  • Award

    Common Stock

    2007-02-15+3,959→ 30,317 total
  • Tax Payment

    Common Stock

    2007-02-15$59.05/sh−1,406$83,024→ 21,832 total
  • Tax Payment

    Common Stock

    2007-02-15$59.05/sh−1,048$61,884→ 29,269 total
  • Award

    Employee Stock Option (Right to Buy)

    2007-02-15+9,052→ 9,052 total
    Exercise: $59.05Exp: 2017-02-15→ Common Stock (9,052 underlying)
Holdings

  • Employee Stock Option (Right to Buy)

    Exercise: $41.76Exp: 2016-02-16→ Common Stock (12,500 underlying)
    12,500

  • Common Stock

    (indirect: By Trust)
    4,757
Footnotes (9)
  • [F1]Restricted stock withheld by Issuer to satisfy tax withholding obligations on vesting of restricted stock granted February 12, 2004, February 17, 2005 and February 16, 2006.
  • [F2]Restricted stock grant made pursuant to Issuer's Amended and Restated Long Term Incentive Plan, exempt under Rule 16b-3.
  • [F3]Shares acquired in settlement of performance share awards (which were not derivative securities) under Issuer's Amended and Restated Long Term Incentive Plan, exempt under Rule 16b-3.
  • [F4]Stock withheld by Issuer to satisfy tax withholding obligations on shares acquired February 15, 2007 in settlement of performance share awards.
  • [F5]Sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2006.
  • [F6]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 ($54.42 in 2006). The value of the SMCA is payable in cash following the reporting person's termination of employment with the Issuer and its subsidiaries.
  • [F7]Options to buy 4,167 shares are currently exercisable, options to buy 4,167 shares become exercisable on 02/16/2008 and options to buy 4,166 shares become exercisable on 02/16/2009.
  • [F8]Options to buy 3,018 shares become exercisable on 02/15/2008 and options to buy 3,017 shares become exercisable on each of 02/15/2009 and 02/15/2010.
  • [F9]Not applicable.

Documents

1 file

Issuer

FPL GROUP INC

CIK 0000753308

→
Entity typeoperating
IncorporatedFL

Related Parties

1
  • filerCIK 0000753308

Filing Metadata

Form type
4
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 9:53 AM ET
Size
19.5 KB
View on SEC.gov