X0201 4 2004-02-12 0000753308 FPL GROUP INC FPL 0001201282 OLIVERA ARMANDO J FPL GROUP, INC. 9250 WEST FLAGLER STREET MIAMI FL 33174 0 0 0 1 Dir/President of Sub Common Stock 103 I By Thrift Plan Trust Common Stock 2004-02-12 4 A 0 8000 0 A 59002 D Common Stock 2004-02-12 4 A 0 3800 0 A 62802 D Common Stock 2004-02-12 4 F 0 1520 64.92 D 61282 D Phantom Shares Common Stock 454 D Employee Stock Option (Right to Buy) Common Stock 50000 D Employee Stock Option (Right to Buy) Common Stock 25000 D Employee Stock Option (Right to Buy) Common Stock 25000 D Employee Stock Option (Right to Buy) 64.92 2004-02-12 4 A 0 50000 0 A 2014-02-12 Common Stock 50000 50000 D Restricted stock grant made pursuant to the Amended and Restated Long Term Incentive Plan of the Issuer, exempt under Rule 16b-3. Acquired in settlement of performance share awards (which were not derivative securities) under Amended and Restated Long Term Incentive Plan of Issuer, exempt under Rule 16b-3. Shares of stock withheld by Issuer to satisfy tax withholding obligation on shares acquired on February 12, 2004 in settlement of performance share awards. Receipt of 11,589 of such shares is deferred until the reporting person's retirement. Phantom shares previously credited to a Supplemental Matching Contribution Account for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan. Phantom shares represent the number of phantom shares of FPL Group, Inc. common stock credited to the reporting person if the phantom shares had been invested in FPL Group's company stock fund in its Thrift Plan to date. Includes cash dividends that would be payable on the phantom shares if the reporting person was the record holder of the number of shares of FPL Group, Inc. common stock equal to the phantom shares. Shares of phantom stock are payable in cash following the reporting person's termination of employment with FPL Group, Inc. This filing is not an admission that the phantom shares are derivative securities. On February 12, 2001, the reporting person was granted an option to purchase 50,000 shares of FPL Group, Inc. common stock with an exercise price of $61.72 per share. The option (i) is fully vested and (ii) expires on February 12, 2011. On February 11, 2002, the reporting person was granted an option to purchase 25,000 shares of FPL Group, Inc. common stock with an exercise price of $52.64 per share. The option (i) vests as to 8,334 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 11, 2012. On February 13, 2003, the reporting person was granted an option to purchase 25,0000 shares of FPL Group, Inc. common stock with an exercise price of $55.12 per share. The option (i) vests as to 8,334 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 13, 2013. The option shall vest as to 16,667 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant. DENNIS P. COYLE (Attorney-in-Fact) 2004-02-13