X0201 4 2004-03-22 0 0000916863 WPS RESOURCES CORP WPS 0001186190 FORD DIANE L 700 NORTH ADAMS STREET P. O. BOX 19001 GREEN BAY WI 543079001 0 1 0 0 VP-Controller & Chf Acctg Off Common Stock 2004-03-22 4 A 0 0.992 47.3250 A 1591.1670 D Common Stock 2303.9983 I By ESOP Phantom Stock Unit 0.0000 2004-03-22 4 A 0 56.2866 46.9000 A Common Stock 56.2866 6594.0411 D Employee Stock Option (Right to buy) 23.1875 2001-03-13 2010-03-13 Common Stock 3000.0000 3000.0000 D Employee Stock Option (Right to buy) 34.7500 2001-12-14 2010-12-14 Common Stock 5830.0000 5830.0000 D Employee Stock Option (Right to buy) 34.0900 2002-12-13 2011-12-13 Common Stock 6244.0000 6244.0000 D Employee Stock Option (Right to buy) 37.9600 2003-12-12 2012-12-12 Common Stock 6382.0000 6382.0000 D Employee Stock Option (Right to buy) 44.7300 2004-12-10 2013-12-10 Common Stock 6332.0000 6332.0000 D Performance Rights 0.0000 2005-01-01 2005-06-30 Common Stock 918.0000 918.0000 D Performance Rights 0.0000 2006-01-01 2006-06-30 Common Stock 836.0000 836.0000 D Performance Rights 0.0000 2007-01-01 2007-06-30 Common Stock 854.0000 854.0000 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. The option vests in four equal annual installments beginning on March 13, 2001. The option vests in four equal annual installments beginning on December 14, 2001. 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. 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 (See POA filed in August 2002) 2004-03-23