X0202 3 2006-04-17 0 0001094093 PROGRESS ENERGY INC PGN 0001358752 Sims Paula J 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Sr. Vice President Common Stock 8300 D Common Stock 1504 I Employee 401(k) Plan Stock Option (right to buy) 43.49 2002-10-01 2011-09-30 Common Stock 8000 D Stock Option (right to buy) 44.75 2004-10-01 2013-09-30 Common Stock 15600 D Units based on value of Common Stock Common Stock 297 D Units based on value of Common Stock Common Stock 3306 D Units based on value of Common Stock Common Stock 15431 D The options vest in three equal annual installments beginning on October 1, 2002. The options vest in three equal annual installments beginning on October 1, 2004. Units will be settled 100 percent in cash in accordance with the payment schedule selected by the reporting person on Election Form. The reporting person may reallocate the value of the units in his Deferral Accounts among alternative investment accounts once per calendar month. Management Deferred Compensation Plan units are convertible at a rate of 1 for 1. Based upon payment schedule selected on Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Management Incentive Compensation Plan units are convertible at a rate of 1 for 1. Units granted prior to January 1, 2005 will be settled 100 percent in cash. Units granted on or after January 1, 2005 will be settled 100 percent in Common Stock. Performance Share Sub Plan units are convertible at a rate of 1 for 1. Paula J. Sims 2006-04-17