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^*

Simmons Audie G

(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 of Operations

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2009

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	10/04/2009		F		649⁽⁹⁾	D	$11.56	113,465⁽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	$18.41							⁽²⁾	11/01/2016	Common Stock	10,000		10,000	D
Option to buy	$14							⁽³⁾	07/27/2015	Common Stock	38,690		38,690	D
Option to buy	$6.51							⁽⁴⁾	10/21/2014	Common Stock	61,904		61,904	D
Option to buy	$3.8							⁽⁴⁾	04/18/2012	Common Stock	231,378		231,378	D
Option to buy	$15.7							⁽⁵⁾	12/01/2016	Common Stock	30,000		30,000	D
Option to buy	$14.25							⁽⁶⁾	10/01/2018	Common Stock	33,658		33,658	D
Restricted Stock Units	$0							⁽⁷⁾	⁽⁷⁾	Common Stock	19,265		19,265	D
Option to buy	$11.33							⁽⁸⁾	09/01/2019	Common Stock	38,973		38,973	D

Explanation of Responses:

1. 19,870 of these shares are restricted common stock, 6,449 of which vest in full on July 27, 2010, 5,000 of which vest in full on November 27, 2011 and 8,421 of which vest in equal annual installments on September 24 of each of 2010 and 2011.

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

3. These options will vest in equal annual installments on July 27 of each of 2006, 2007, 2008, 2009, and 2010.

4. All of these options are vested and exercisable.

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

6. These options will 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 Audie G. Simmons	10/06/2009
	** 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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