X0202 4 2005-07-13 0000753308 FPL GROUP INC FPL 0001201282 OLIVERA ARMANDO J FPL GROUP, INC. 9250 WEST FLAGLER STREET MIAMI FL 33408 0 0 0 1 Dir/President of Sub Common Stock 2005-07-13 4 S 0 2185 43.80 D 136203 D Common Stock 607 I By Thrift Plans Trust Phantom Shares Common Stock 2362 D Employee Stock Option (Right to Buy) 30.86 2011-02-12 Common Stock 100000 100000 D Employee Stock Option (Right to Buy) 26.32 2012-02-11 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 27.56 2013-02-13 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 32.46 2014-02-12 Common Stock 100000 100000 D Employee Stock Option (Right to Buy) 36.95 2015-01-03 Common Stock 60000 60000 D The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2005. Reflects the March 15, 2005 two-for-one split of the Issuer's common stock (the "Stock Split"), which resulted in the acquisition by the reporting person of 69,194 shares of Issuer common stock (including 11,589 shares 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 the Issuer's common stock credited to the reporting person if the phantom shares had been invested in the Issuer's company stock fund in its Thrift Plan to date. Includes an annual credit for cash dividends that would be payable to the record holder of the number of shares of Issuer common stock equal to the Phantom Shares on a market value basis. Shares of phantom stock are payable in cash following the reporting person's termination of employment with the Issuer and its subsidiaries. This filing is not an admission that the phantom shares are derivative securities. Adjusted to reflect the Stock Split. The options are fully vested and currently exercisable. 33,334 of the options are fully vested and currently exercisable, and 16,666 will vest and become exercisable on February 13, 2006. These amounts are adjusted to reflect the Stock Split. 33,334 of the options are fully vested and currently exercisable. 33,332 will vest and become exercisable on February 12, 2006, and 33,334 will vest and become exercisable on February 12, 2007. These amounts are adjusted to reflect the Stock Split. 20,000 of the options will vest and become exercisable on each of January 3, 2006, January 3, 2007 and January 3, 2008. These amounts are adjusted to reflect the Stock Split. Includes 23,178 shares (reflecting the Stock Split) deferred until the reporting person's retirement. Edward F. Tancer (Attorney-in-fact) 2005-07-14