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*
RODRIGUEZ ANTONIO

(Last) (First) (Middle)
FPL GROUP, INC.
700 UNIVERSE BOULEVARD

(Street)
JUNO BEACH FL 33408

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FPL GROUP INC [ FPL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) X Other (specify below)
VP-Power Generation Dir/Sr VP-Power Gen. of Sub
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2008
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)
Code V Amount (A) or (D) Price
Common Stock 02/15/2008 F(1) 1,282 D $64.69 32,040(2) D
Common Stock 02/15/2008 A(3) 6,670 A $0(11) 38,710(2) D
Common Stock 02/15/2008 A(4) 12,426 A $0(11) 51,136(2) D
Common Stock 02/15/2008 F(5) 3,810 D $64.69 47,326(2) D
Common Stock 3,385 I Thrift Plans Trust
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Shares (6) 02/15/2008 A 2,581 (6) (6) Common Stock (6) (6) 4,230 D
Employee Stock Option (Right to Buy) $26.32 (7) 02/11/2012 Common Stock 40,000 40,000 D
Employee Stock Option (Right to Buy) $27.56 (7) 02/13/2013 Common Stock 40,000 40,000 D
Employee Stock Option (Right to Buy) $32.46 (7) 02/12/2014 Common Stock 40,000 40,000 D
Employee Stock Option (Right to Buy) $36.95 (7) 01/03/2015 Common Stock 20,000 20,000 D
Employee Stock Option (Right to Buy) $41.76 (8) 02/16/2016 Common Stock 17,000 17,000 D
Employee Stock Option (Right to Buy) $59.05 (9) 02/15/2017 Common Stock 12,447 12,447 D
Employee Stock Option (Right to Buy) $64.69 02/15/2008 A 13,080 (10) 02/15/2018 Common Stock 13,080 $0(11) 13,080 D
Explanation of Responses:
1. Restricted stock withheld by Issuer to satisfy tax withholding obligations on vesting of restricted stock granted February 16, 2006 and February 15, 2007.
2. Includes 8,770 shares deferred until reporting person's retirement.
3. Restricted stock grant made pursuant to Issuer's Amended and Restated Long Term Incentive Plan, exempt under Rule 16b-3.
4. Shares acquired in settlement of performance share awards (which were not derivative securities) under Issuer's Amended and Restated Long Term Incentive Plan, exempt under Rule 16b-3.
5. Stock withheld by Issuer to satisfy tax withholding obligations on shares acquired February 15, 2008 in settlement of performance share awards.
6. A special supplemental credit of phantom shares approved by the Issuer's Compensation Committee and credited to an unfunded Supplemental Matching Contribution Account ("SMCA") for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan ("SERP") in an amount approved on the transaction date by the Issuer's Compensation Committee pursuant to a SERP supplement adopted on such date. The value of the SMCA is payable in cash following the reporting person's termination of employment with the Issuer and its subsidiaries.
7. Options are currently exercisable.
8. Options to buy 5,667 shares are currently exercisable, options to buy 5,667 become exercisable on 02/16/2008 and options to buy 5,666 shares become exercisable on 02/16/2009.
9. Options to buy 4,149 shares are currently exercisable and options to buy 4,149 shares become exercisable on each of 02/15/2009 and 02/15/2010.
10. Options to buy 4,360 shares become exercisable on each of 02/15/2009, 02/15/2010 and 02/15/2011.
11. Not applicable.
Remarks:
Alissa E. Ballot (Attorney-in-Fact) 02/19/2008
** 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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