X0202 4 2007-01-15 0 0000916863 WPS RESOURCES CORP WPS 0001186170 MIKULSKY PHILLIP M 700 NORTH ADAMS STREET P. O. BOX 19001 GREEN BAY WI 54307-9001 0 1 0 0 Senior VP, Development Common Stock 2007-01-15 4 J 0 499.4292 A 6668.4742 I By ESOP Common Stock 5248 D Common Stock 7501 I by Jt Trust w/Spouse Employee Stock Option (Right to buy) 34.09 2002-12-13 2011-12-13 Common Stock 12466 12466 D Employee Stock Option (Right to buy) 37.96 2003-12-12 2012-12-12 Common Stock 35985 35985 D Employee Stock Option (Right to buy) 44.73 2004-12-10 2013-12-10 Common Stock 32032 32032 D Employee Stock Option (Right to buy) 48.11 2005-12-08 2014-12-08 Common Stock 37388 37388 D Employee Stock Option (Right to buy) 52.73 2006-12-07 2016-12-07 Common Stock 28761 28761 D Employee Stock Option (Right to buy) 54.85 2006-12-07 2015-12-07 Common Stock 32455 32455 D Performance Rights 0 2007-01-01 2007-06-30 Common Stock 4318 4318 D Performance Rights 0 2008-01-01 2008-06-30 Common Stock 4352 4352 D Performance Rights 0 2009-01-01 2009-06-30 Common Stock 4526 4526 D Performance Rights 0 2010-01-01 2010-06-30 Common Stock 3711 3711 D Phantom Stock Unit Common Stock 26717.5968 26717.5968 D Reflects shares allocated by the company's ESOP program throughout 2006. This transaction is being voluntarily reported. Reflects shares allocated by the company's ESOP program throughout 2006. This transaction is being voluntarily reported. 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, 2007. 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. 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. By: Barth J. Wolf For: Phillip M. Mikulsky 2007-01-16