FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 |
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W |
Check this box if no longer |
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1. Name and Address of Reporting Person Robo, James L. |
2. Issuer Name and Ticker or Trading Symbol FPL Group, Inc. (FPL) |
6. Relationship of Reporting Person(s) to Issuer |
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Director |
10% Owner |
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Officer (give title below) |
X |
Other (specify below) |
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(Last) (First) (Middle) 700 Universe Boulevard |
3. I.R.S. Identification Number of |
4. Statement for Month/Day/Year February 13, 2003 |
(1) |
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7. Individual or Joint/Group Filing (Check Applicable Line) |
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(Street) |
5. If Amendment, |
X |
Form filed by One Reporting Person |
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(City) (State) (Zip) |
Form filed by More than One Reporting Person |
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Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |
2. Trans- action Date |
2A. |
3. Transaction |
4. Securities Acquired |
5. Amount of |
6. OwnershipForm: Direct (D) or Indirect (I) |
7. Nature ofIndirect Beneficial Ownership |
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Code |
V |
Amount |
A or D |
Price |
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Common Stock |
- - |
- - |
- - |
- - |
- - |
- - |
- - |
135.0236 |
I |
By Thrift Plan Trust |
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Common Stock |
2/13/03 |
- - |
A (2) |
5,000 |
A |
- - |
15,000 |
D |
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FORM 4 (continued) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of |
2. Conversion |
3. Trans- |
3A. |
4. Trans- |
5. Number |
6. Date Exercisable |
7. Title and |
8. Price |
9. Number |
10. Ownership |
11. Nature of |
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Code |
V |
A |
D |
Date |
Expiration |
Title |
Amount or |
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Phantom Shares |
(3) |
2/13/03 |
_ _ |
A |
88 |
(3) |
(3) |
Common Stock |
(3) |
(3) |
88 |
D |
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Employee Stock Option (Right to Buy) |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
_ _ |
75,000 (4) |
D |
|
Employee Stock Option (Right to Buy) |
$55.12 |
2/13/03 |
_ _ |
A |
50,000 |
(5) |
2/13/13 |
Common Stock |
50,000 |
50,000 |
D |
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Explanation of Responses: (2) Restricted stock grant made pursuant to the Amended and Restated Long Term Incentive Plan of the Issuer, exempt under Rule 16b-3. (3) Phantom shares credited to a Supplemental Matching Contribution Account for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan. Phantom shares represent the number of phantom shares of FPL Group, Inc. Common Stock credited to the reporting person if the phantom shares had been invested in FPL Group's company stock fund in its Thrift Plan during the period from 3/11/02 through 12/31/02 based on share prices ranging from $46.30 to $64.91. Amount shown constitutes the difference between the balance at 12/31/02 and the balance at 3/11/02. Includes cash dividends that would be payable on the phantom shares if the reporting person was the record holder of the number of shares of FPL Group, Inc. Common Stock equal to the phantom shares. This filing is not an admission that the phantom shares are derivative securities. (4) On March 22, 2002, the reporting person was granted an Option to purchase 75,000 shares of common stock with an exercise price of $59.20 per share. The Option (i) vests as to 25,000 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on March 22, 2012. (5) The Option shall vest as to 16,667 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant. |
DENNIS P. COYLE |
February 14, 2003 |
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Signature of Reporting Person |
Date |