X0202 4 2006-09-20 0 0000916863 WPS RESOURCES CORP WPS 0001186154 WOLF BARTH J 700 NORTH ADAMS STREET P. O. BOX 19001 GREEN BAY WI 54307-9001 0 1 0 0 Secretary, Mgr of Legal Svs Common Stock 1856.2361 I By ESOP Phantom Stock Unit 2006-09-20 4 A 0 82.6412 49.54 A Common Stock 82.6412 7202.7346 D Employee Stock Option (Right to buy) 34.09 2002-12-13 2011-12-13 Common Stock 2530 2530 D Employee Stock Option (Right to buy) 37.96 2003-12-12 2012-12-12 Common Stock 4119 4119 D Employee Stock Option (Right to buy) 44.73 2004-12-10 2013-12-10 Common Stock 4463 4463 D Employee Stock Option (Right to buy) 48.11 2005-12-08 2014-12-08 Common Stock 5156 5156 D Employee Stock Option (Right to buy) 54.85 2006-12-07 2015-12-07 Common Stock 6491 6491 D Performance Rights 0 2007-01-01 2007-06-30 Common Stock 602 602 D Performance Rights 0 2008-01-01 2008-06-30 Common Stock 600 600 D Performance Rights 0 2009-01-01 2009-06-30 Common Stock 905 905 D These phantom stock units convert to common stock on a one-for-one basis. Unless the participant has selected a later commencement date, distribution of stock and equivalents will commence within 60 days following the end of the calendar year in which occurs the participant's retirement or termination of service. Unless the participant has selected a later commencement date, distribution of stock and equivalents will commence within 60 days following the end of the calendar year in which occurs the participant's retirement or termination of service. The option vests in four equal annual installments beginning on December 13, 2002. The option vests in four equal annual installments beginning on December 12, 2003. The option vests in four equal annual installments beginning on December 10, 2004. The option vests in four equal annual installments beginning on December 8, 2005. The option vests in four equal annual installments beginning on December 7, 2006. Performance shares vest and are issued three years after the performance shares are awarded and the final number of shares issued is determined based on company performance against an established industry benchmark. Performance shares vest and are issued three years after the performance shares are awarded and the final number of shares issued is determined based on company performance against an established industry benchmark. By: Barth J. Wolf For: Barth J. Wolf 2006-09-22