X0202 4 2007-05-14 0001094093 PROGRESS ENERGY INC PGN 0001183050 MCGEHEE ROBERT B 410 S. WILMINGTON STREET RALEIGH NC 27601 1 1 0 0 Chairman and CEO Common Stock 2007-05-14 4 M 0 11600 44.75 A 218089 D Common Stock 2007-05-14 4 S 0 11600 52.48 D 206489 D Common Stock 3858 I Employee 401(k) Plan Employee Stock Option (right to buy) 44.75 2007-05-14 4 M 0 11600 0 D 2013-09-30 Common Stock 11600 96400 D Units based on value of Common Stock Common Stock 1864 1864 D Units based on value of Common Stock Common Stock 2789 2789 D The options vested in three equal installments on October 1, 2004, 2005, and 2006, and were exercised pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on May 9, 2007. 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. 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. Robert B. McGehee by Arlene S. Graves pursuant to POA 2007-05-15