SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Slater Anthony Kane

(Last)

(First)

(Middle)

100 PIKE WAY

PO BOX 868

(Street)

MOUNT AIRY

27030

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Pike Electric CORP [ PIKE ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2009

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/24/2009		F		1,017⁽⁹⁾	D	$12.22	35,377⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to buy	$18.18							⁽²⁾	08/01/2016	Common Stock	30,000		30,000	D
Option to buy	$18.41							⁽³⁾	11/01/2016	Common Stock	30,000		30,000	D
Option to buy	$18.41							⁽⁴⁾	11/01/2016	Common Stock	10,000		10,000	D
Option to buy	$16.16							⁽⁵⁾	05/01/2018	Common Stock	20,000		20,000	D
Option to buy	$14.25							⁽⁶⁾	10/01/2018	Common Stock	25,031		25,031	D
Rstricted Stock Units	$0							⁽⁷⁾	⁽⁷⁾	Common Stock	16,829		16,829	D
Option to buy	$11.33							⁽⁸⁾	09/01/2019	Common Stock	34,044		34,044	D

Explanation of Responses:

1. 33,263 of these shares are restricted common stock and vest as follows: 2,000 shares on October 4, 2009; 5,000 shares on April 29, 2010; 3,131 shares on September 24, 2010; 5,000 shares on April 29, 2011; 5,000 shares on August 1, 2011; 3,132 shares on September 24, 2011; 5,000 shares on October 10, 2011; and 5,000 shares on April 29, 2012.

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

3. These options vest in equal annual installments on November 1 of each of 2007, 2008, 2009, 2010 and 2011.

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

5. These options vest in equal annual installments on May 1 of each of 2009, 2010 and 2011.

6. These options vest in equal annual installments on October 1 of each of 2009, 2010 and 2011.

7. These restricted stock units vest in equal annual installments on August 19 of each of 2010, 2011 and 2012.

8. These options will vest in equal annual installments on September 1 of each of 2010, 2011 and 2012.

9. Represents shares of common stock withheld to pay taxes upon the vesting of shares of restricted stock.

	/s/ James R. Wyche by power of attorney for Anthony K. Slater	09/28/2009
	** 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 4 (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).
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