SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Simmons Audie G

(Last)

(First)

(Middle)

POST OFFICE BOX 868

100 PIKE WAY

(Street)

MT. AIRY

27030

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/20/2006

3. Issuer Name and Ticker or Trading Symbol
Pike Electric CORP [ PEC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Principal Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,000⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to buy	⁽²⁾	04/18/2012	Common Stock	231,378	$3.8	D
Option to buy	⁽³⁾	10/21/2014	Common Stock	61,904	$6.51	D
Option to buy	⁽⁴⁾	08/01/2015	Common Stock	38,690	$14	D
Option to buy	⁽⁵⁾	11/01/2016	Common Stock	10,000	$18.41	D

Explanation of Responses:

1. These shares of restricted common stock were granted as a bonus for fiscal 2006 and will vest in full on the third anniversary of the grant date.

2. All of these options are vested and exercisable.

3. Of the 61,904 options held, 31,374 are currently vested and exercisable, 15,265 will vest October 21, 2007 and 15,265 will vest October 21, 2008.

4. These options will vest in equal annual installments on August 1 of each of 2007, 2008, 2009, 2010 and 2011.

5. These options will vest in equal annual installments on November 1 of each of 2007, 2008, and 2009.

	/s/ James R. Fox by power of attorney for Audie G. Simmons	11/29/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.