4 1 barrat_091702.htm SHERRY S. BARRAT FORM 4 DATED SEPTEMBER 17, 2002 form4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

W

Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue

1. Name and Address of Reporting Person

Barrat, Sherry S.

2. Issuer Name and Ticker or Trading Symbol

FPL Group, Inc. (FPL)

6. Relationship of Reporting Person(s) to Issuer
                  (Check all applicable)

X

Director

  

10% Owner

Officer (give title below)

Other (specify below)

(Last)        (First)       (Middle)

Northern Trust Bank of California

355 South Grand Avenue

3.  I.R.S. Identification Number of     Reporting Person, if an entity     (voluntary)

4. Statement for     Month/Day/Year

September 16, 2002

7. Individual or Joint/Group Filing (Check Applicable Line)

(Street)

Los Angeles, CA 90071

 

5. If Amendment, Date of
    Original (Month/Day/Year)

X

Form filed by One Reporting Person

(City)          (State)      (Zip)

Form filed by More than One Reporting Person

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.  Title of Security

2. Trans-   action
   Date

(Month/
Day/
Year)

2A.
Deemed
Execution
Date, if any

(Month/
Day/
Year)

3. Transaction
   Code

4. Securities Acquired
   (A) or Disposed
   of (D)

5. Amount of
   Securities
   Beneficially
   Owned
   Following
   Reported
   Transaction(s)

6. Ownership
   Form:
   Direct (D)
   or
   Indirect (I)

7. Nature of
   Indirect
   Beneficial
   Ownership

Code

V

Amount

A or D

Price
                     
                     
                     
                     
                     
                     
                     
                     
                     
                     

 

 

FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of
   Derivative
   Security

2. Conversion
   or Exercise
   Price of
   Derivative
   Security

3. Trans-
   action
   Date

(Month/
Day/
Year)

3A.
Deemed
Execu-
tion Date,
if any

(Month/
Day/
Year

4. Trans-
   action
   Code

5. Number
   of
   Derivative
   Securities
   Acquired
   (A)
   or
   Disposed
   of (D)

6. Date Exercisable
   and Expiration Date
   (Month/Day/Year)

7. Title and
   Amount
   of Underlying
   Securities

8. Price of
   Derivative
   Security

9. Number of
   Derivative
   Securities
   Beneficially
   Owned
   Following
   Reported
   Trans-
   action(s)

10. Ownership
    Form of
    Derivative
    Security:
    Direct (D)
    or
    Indirect (I)

11. Nature of
    Indirect
    Beneficial
    Ownership

Code

V

A

D

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

Phantom Stock Units


1.


9/16/02


_ _


A

  


67.9605

  


1.


1.


Common Stock


1.


$52.55


4,088.2398  2.


D

  
                               
                               
                               

Explanation of Responses:


1.  Phantom Stock Units APPROXIMATE the number of phantom shares of FPL Group Common Stock attributable to phantom units credited to the reporting person's account under the FPL Group, Inc. Deferred Compensation Plan. Compensation deferred under the Plan is deemed to be invested in a number of unfunded theoretical units equal to the number of "units" which would have been credited if the deferred compensation had been invested in FPL Group's company stock fund in its Thrift Plan (the "Stock Fund"). The Stock Fund is accounted for in "units" of a unitized pool of stock and cash, with the value of each "unit" determined by reference to the closing price of FPL Group Common Stock on the New York Stock Exchange on any given date. PHANTOM STOCK UNITS REPORTED ABOVE ARE ESTIMATED based on the number of shares of FPL Group Common Stock in the Stock Fund represented by each "unit" of the Stock Fund on a given date, multiplied by the number of theoretical units credited to the reporting person upon a deferral or held at the end of the period. Accounts are payable only in cash at the end of the deferral period. This filing is not an admission that Phantom Stock Units or the theoretical units of the Stock Fund are derivative securities.

2.  Differences in holdings on any given date may result from varying percentages of cash and stock held in the Stock Fund on different dates.




 

DENNIS P. COYLE

  

September 17, 2002

  

Signature of Reporting Person

Date