X0202 4 2007-03-15 0001094093 PROGRESS ENERGY INC PGN 0001183042 DAY FRED N IV 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Pres. & CEO - major subsidiary Common Stock 2007-03-15 4 M 0 1400 41.97 A 25786 D Common Stock 2007-03-15 4 S 0 1400 49.30 D 24386 D Common Stock 2007-03-15 4 M 0 1300 41.97 A 25686 D Common Stock 2007-03-15 4 S 0 1300 49.31 D 24386 D Common Stock 2007-03-15 4 M 0 600 41.97 A 24986 D Common Stock 2007-03-15 4 S 0 600 49.32 D 24386 D Common Stock 2007-03-15 4 M 0 1000 41.97 A 25386 D Common Stock 2007-03-15 4 S 0 1000 49.33 D 24386 D Common Stock 2007-03-15 4 M 0 3200 41.97 A 27586 D Common Stock 2007-03-15 4 S 0 3200 49.34 D 24386 D Common Stock 2007-03-15 4 M 0 1100 41.97 A 25486 D Common Stock 2007-03-15 4 S 0 1100 49.35 D 24386 D Common Stock 2007-03-15 4 M 0 800 41.97 A 25186 D Common Stock 2007-03-15 4 S 0 800 49.36 D 24386 D Common Stock 6838 I Employee 401(k) Plan Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 1400 0 D 2012-09-30 Common Stock 1400 36600 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 1300 0 D 2012-09-30 Common Stock 1300 35300 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 600 0 D 2012-09-30 Common Stock 600 34700 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 1000 0 D 2012-09-30 Common Stock 1000 33700 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 3200 0 D 2012-09-30 Common Stock 3200 30500 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 1100 0 D 2012-09-30 Common Stock 1100 29400 D Employee Stock Option (right to buy) 41.97 2007-03-15 4 M 0 800 0 D 2012-09-30 Common Stock 800 28600 D Units based on value of Common Stock Common Stock 554 554 D Units based on value of Common Stock Common Stock 1212 1212 D Units based on value of Common Stock Common Stock 42539 42539 D Includes 586 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. 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 29 units acquired between April 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 63 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 2,217 units acquired between April 2006 and February 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. This is the first of three Form 4s covering transactions on March 15, 2007. Fred N. Day IV by Arlene S. Graves pursuant to POA 2007-03-19