Progress Energy 2009 Annual Report Download - page 187
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Progress Energy Proxy Statement
49
2 Reflects the potential payouts in shares of the 2009 PSSP grants. The grant size was calculated by multiplying the
executive’s salary as of January 1, 2009, times his 2009 PSSP target and dividing by the December 31, 2008, closing stock price
of $39.85. The Threshold column reflects the minimum payment level under our PSSP, which is 50% of the target amount shown
in the Target column. The amount shown in the maximum column is 200% of the target amount.
3 Reflects the number of restricted stock units granted during 2009 under the 2007 Equity Incentive Plan. The number
of shares granted was determined by multiplying the executive’s salary as of January 1, 2009, times his 2009 restricted stock
target and dividing by the December 31, 2008, closing stock price of $39.85.
4 Reflects the grant date fair value of the award based on the following assumptions: Market value of restricted stock
granted on March 17, 2009, based on closing price of $33.80 per share, times the shares granted in column (i). Market value of
PSSP granted on March 17, 2009, based on closing stock price on March 17, 2009, of $33.80 times target number of shares in
column (g). The 2009 PSSP grant payout is expected to be 100% of target.