X0202 4 2007-05-09 0001094093 PROGRESS ENERGY INC PGN 0001358752 Sims Paula J 410 S. WILMINGTON STREET RALEIGH NC 27601 0 1 0 0 Sr. VP of major subsidiary Common Stock 2007-05-09 4 M 0 200 44.75 A 19066 D Common Stock 2007-05-09 4 S 0 200 52.02 D 18866 D Common Stock 2007-05-09 4 M 0 900 44.75 A 19766 D Common Stock 2007-05-09 4 S 0 900 52.05 D 18866 D Common Stock 2007-05-09 4 M 0 3500 44.75 A 22366 D Common Stock 2007-05-09 4 S 0 3500 52.06 D 18866 D Common Stock 2007-05-09 4 M 0 8600 44.75 A 27466 D Common Stock 2007-05-09 4 S 0 8600 52.07 D 18866 D Common Stock 2007-05-09 4 M 0 2400 44.75 A 21266 D Common Stock 2007-05-09 4 S 0 2400 52.08 D 18866 D Common Stock 189 I Employee 401(k) Plan Employee Stock Option (right to buy) 44.75 2007-05-09 4 M 0 200 0 D 2013-09-30 Common Stock 200 15400 D Employee Stock Option (right to buy) 44.75 2007-05-09 4 M 0 900 0 D 2013-09-30 Common Stock 900 14500 D Employee Stock Option (right to buy) 44.75 2007-05-09 4 M 0 3500 0 D 2013-09-30 Common Stock 3500 11000 D Employee Stock Option (right to buy) 44.75 2007-05-09 4 M 0 8600 0 D 2013-09-30 Common Stock 8600 2400 D Employee Stock Option (right to buy) 44.75 2007-05-09 4 M 0 2400 0 D 2013-09-30 Common Stock 2400 0 D Units based on value of Common Stock Common Stock 317 317 D Units based on value of Common Stock Common Stock 4657 4657 D Includes 146 shares acquired through routine acquisitions of the Company's stock under Progress Energy's 401(k) Plan between February and April 2007. 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 her 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 3 units acquired between February and May 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 her Election Form. Units will be settled 100 percent in cash in accordance with schedule provided in the Plan. Includes 55 units acquired between February and May 2007 through routine dividend reinvestment transactions that are exempt under Rule 16a-11. This is the first of two Form 4s covering transactions on May 9, 2007. Paula J. Sims by Arlene S. Graves pursuant to POA 2007-05-11