X0306 4 2012-07-02 1 0001094093 PROGRESS ENERGY INC PGN 0001167322 PRYOR CHARLES W JR 1164 PRYOR RIDGE TRAIL LYNCHBURG VA 24503 1 0 0 0 Common Stock 2012-07-02 4 D 0 1042 D 0 D Units based on value of Common Stock 2012-07-02 4 D 0 4019 D Common Stock 4019 0 D Units based on value of Common Stock 2012-07-02 4 D 0 7725 D Common Stock 7725 0 D Disposed of pursuant to the merger (the "Merger") of Progress Energy, Inc. ("Progress") with a subsidiary of Duke Energy Corporation ("Duke") whereby each share of Progress common stock, without par value, was converted into .87083 shares of Duke common stock, par value $.001 per share, having a market value based on the closing price of a share of Duke common stock on the New York Stock Exchange on the last day of trading prior to the effective date of the Merger of $69.84 (as adjusted to reflect Duke's 1-for-3 reverse stock split) per share and a cash payment being made for any fractional shares. Under the Progress Non-Employee Director Deferred Compensation Plan, non-employee directors of the Progress Board of Directors (the "Board") could elect to defer a portion of their annual retainer and Board attendance fees until after the termination of their service on the Board. Any deferred fees were deemed to be invested in a number of units of common stock of Progress. The Progress Non-Employee Director Stock Unit Plan provides for an annual grant of stock units equivalent to $60,000 to each non-employee director. Each unit is equal in economic value to one share of Progress' common stock. Each Non-Employee Director Deferred Compensation Plan Unit, which was convertible at a rate of 1 unit for 1 share of Progress common stock, without par value, was disposed of pursuant to the Merger in exchange for .87083 corresponding units of Duke; subject to the same terms and conditions. Each Non-Employee Director Stock Unit, which was convertible at a rate of 1 unit for 1 share of Progress common stock, without par value, was disposed of pursuant to the Merger in exchange for .87083 corresponding units of Duke; subject to the same terms and conditions. Charles W. Pryor, Jr. by Holly H. Wenger pursuant to POA 2012-07-05