X0202 4 2007-03-13 0001094093 PROGRESS ENERGY INC PGN 0001342425 Mulhern Mark F 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 President of major subsidiary Common Stock 2007-03-13 4 M 0 3933 41.97 A 18733 D Common Stock 2007-03-13 4 S 0 3933 48.55 D 14800 D Common Stock 2007-03-13 4 M 0 7000 44.75 A 21800 D Common Stock 2007-03-13 4 S 0 7000 48.45 D 14800 D Common Stock 1383 I Employee 401(k) Plan Employee Stock Option (right to buy) 41.97 2007-03-13 4 M 0 3933 0 D 2012-09-30 Common Stock 3933 0 D Employee Stock Option (right to buy) 44.75 2007-03-13 4 M 0 7000 0 D 2013-09-30 Common Stock 7000 7000 D Units based on value of Common Stock Common Stock 182 182 D Units based on value of Common Stock Common Stock 4206 4206 D Units based on value of Common Stock Common Stock 16914 16914 D Includes 329 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401(k) Plan between April 2006 and February 2007. The options vested in three equal installments on October 1, 2003, 2004, and 2005. 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. Includes 9 units acquired between February 2006 and February 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. Management Incentive Compensation 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 will be settled 100 percent in cash in accordance with schedule provided in the Plan. Includes 219 units acquired between February 2006 and February 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. Performance Share Sub 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. Includes 882 units acquired between April 2006 and February 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. Mark F. Mulhern by Arlene S. Graves pursuant to POA 2007-03-15