Progress Energy 2008 Annual Report Download - page 184

PROXY STATEMENT
48
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Name (a) Option Awards1Stock Awards
Number
of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
(b)
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
(c)
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
(d)
Option
Exercise
Price
($)
(e)
Option
Expiration
Date
(f)
Number
of
Shares or
Units of
Stock
That
Have Not
Vested
(#)
(g)2
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)
(h)3
Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other
Rights
That
Have Not
Vested
(#)
(i)4
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or
Other
Rights
That
Have Not
Vested
($)
(j)4
William D. Johnson,
Chairman, President
and Chief
Executive Officer
0
0
0
— — $43.49
$41.97
$44.75
9/30/2011
9/30/2012
9/30/2013
68,8935$2,745,386 112,6456$4,488,903
Peter M. Scott III,
Executive Vice President
and Chief Financial
Officer (retired effective
September 1, 2008)
0
0
52,000
— — $43.49
$41.97
$44.75
9/30/2011
9/30/2012
9/30/2013
07$0 08$0
Mark F. Mulhern,
Senior Vice President and
Chief Financial Officer
(as of September 1, 2008)
0
7,000 — — $41.97 $44.75 9/30/2012 9/30/2013 28,7739$1,146,604 22,82610 $909,616
John R. McArthur,
Executive Vice President
and Corporate Secretary
(as of September 1, 2008)
0
0
0
— — $43.80
$41.97
$44.75
1/31/2012
9/30/2012
9/30/2013
27,09011 $1,079,537 28,90712 $1,151,944
Jeffrey J. Lyash,
President and Chief
Executive Officer, PEF
0
0
0
— — $43.49
$41.97
$44.75
9/30/2011
9/30/2012
9/30/2013
25,81713 $1,028,807 31,09914 $1,239,295
Lloyd M. Yates,
President and Chief
Executive Officer, PEC
0
0
0
— — $43.49
$41.97
$44.75
9/30/2011
9/30/2012
9/30/2013
27,01715 $1,076,627 31,09916 $1,239,295
1 All outstanding stock options were vested as of December 31, 2006. The Company ceased granting stock options in 2004.
2 Consists of outstanding restricted stock grants and restricted stock units.
3 Market value at December 31, 2008, was based on a December 31, 2008, closing price of $39.85 per share.
4 Performance share value based on expected payout of 0% on outstanding 2006 PSSP grant. Performance share value
for the 2007 2-year transitional grant, 2007 annual grant, and 2008 annual grant was expected to be 100% of target. The 2005 and
2007 1-year transitional grants vested on January 1, 2008; the 2006 and 2007 2-year transitional grants vested on January 1, 2009;
the 2007 grant vests on January 1, 2010; and the 2008 grant vests on January 1, 2011. Expected payout for 2006 performance share
grants is 0% based on total shareholder return performance as of December 31, 2008, and EBITDA performance as of September 30,
2008.The value in Column (j) is derived by multiplying the shares (rounded to the nearest whole share) times the December 31, 2008
closing stock price ($39.85). The difference between the calculated value and the noted value is attributable to fractional shares. See
further discussion under “Performance Shares” in Part II of the CD&A.
5 Restricted stock grants vest based on the following schedule: 5,533 shares on March 14, 2009; 5,067 shares on
March 15, 2009; 4,400 shares on March 16, 2009; 5,533 shares on March 14, 2010; 5,067 shares on March 15, 2010; and 5,534 shares
on March 14, 2011. Restricted stock unit grants vest based on the following schedule: 7,650 units on March 18, 2009; 7,650 units on
March 18, 2010; 4,936 units on March 20, 2010; 7,651 units on March 18, 2011; 4,936 units on March 20, 2011; and 4,936 units on
March 20, 2012.