4//SEC Filing
FPL GROUP INC 4
Accession 0001319562-07-000003
$NEECIK 0000753308operating
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 11:44 AM ET
Size
21.6 KB
Accession
0001319562-07-000003
Insider Transaction Report
Form 4
Tancer Edward F
VP & General CounselOther
Transactions
- Tax Payment
Common Stock
2007-02-15$59.05/sh−1,207$71,273→ 16,776 total - Award
Employee Stock Option (Right to Buy)
2007-02-15+9,052→ 9,052 totalExercise: $59.05Exp: 2017-02-15→ Common Stock (9,052 underlying) - Award
Phantom Shares
2007-02-15+382→ 537 total→ Common Stock - Tax Payment
Common Stock
2007-02-15$59.05/sh−755$44,583→ 22,644 total - Award
Common Stock
2007-02-15+3,772→ 20,548 total - Award
Common Stock
2007-02-15+2,851→ 23,399 total
Holdings
- 4,666
Employee Stock Option (Right to Buy)
Exercise: $27.56Exp: 2013-02-13→ Common Stock (4,666 underlying) - 2,173
Phantom Stock Units
→ Common Stock - 12,500
Employee Stock Option (Right to Buy)
Exercise: $41.76Exp: 2016-02-16→ Common Stock (12,500 underlying) - 4,667(indirect: By Trust)
Common Stock
Footnotes (10)
- [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.
- [F10]Not applicable.
- [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]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.
- [F6]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.
- [F7]Options are currently exercisable.
- [F8]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.
- [F9]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.
Documents
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, 11:44 AM ET
- Size
- 21.6 KB