X0202 4 2007-02-14 0001094093 PROGRESS ENERGY INC PGN 0001267185 LYASH JEFFREY J 100 CENTRAL AVENUE ST. PETERSBURG FL 33701 0 1 0 0 President & CEO of major sub. Common Stock 2007-02-14 4 M 0 400 44.75 A 11800 D Common Stock 2007-02-14 4 S 0 400 50.07 D 11400 D Common Stock 2007-02-14 4 M 0 2100 44.75 A 13500 D Common Stock 2007-02-14 4 S 0 2100 50.08 D 11400 D Common Stock 2007-02-14 4 M 0 600 44.75 A 12000 D Common Stock 2007-02-14 4 S 0 600 50.09 D 11400 D Common Stock 2007-02-14 4 M 0 1670 44.75 A 13070 D Common Stock 2007-02-14 4 S 0 1670 50.10 D 11400 D Common Stock 4562 I Employee 401(k) Plan Employee Stock Option (right to buy) 44.75 2007-02-14 4 M 0 400 0 D 2013-09-30 Common Stock 400 4370 D Employee Stock Option (right to buy) 44.75 2007-02-14 4 M 0 2100 0 D 2013-09-30 Common Stock 2100 2270 D Employee Stock Option (right to buy) 44.75 2007-02-14 4 M 0 600 0 D 2013-09-30 Common Stock 600 1670 D Employee Stock Option (right to buy) 44.75 2007-02-14 4 M 0 1670 0 D 2013-09-30 Common Stock 1670 0 D Units based on value of Common Stock Common Stock 263 263 D Units based on value of Common Stock Common Stock 16872 16872 D The options vested in three equal installments on October 1, 2004, 2005, and 2006. Management Deferred Compensation Plan units are convertible at a rate of 1 for 1. Units will be settled 100 percent in cash in accordance with the payment schedule selected by the reporting person on his Election Form. The reporting person may reallocate the value of the units in his Deferral Accounts among alternative investment accounts once per calendar month. Performance Share Sub Plan units are convertible at a rate of 1 for 1. Based upon payment schedule selected by the reporting person on his Election Form. 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. This is the second of three Form 4s covering transactions on February 14, 2007. Jeffrey J. Lyash by Arlene S. Graves pursuant to POA 2007-02-16