| | |  | | Option Exercises and Year-End Values |
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Option Exercises and Year-End Values
This table shows aggregate exercises of options during 2003 by the Named Executive
Officers and the aggregate year-end value of the unexercised options held by
them. The value assigned to each unexercised "in-the-money" stock
option is based on the positive spread between the exercise price of the stock
option and the fair market value of Duke Energy Common Stock on December 31,
2003, which was $20.45. The fair market value is the closing price of a share
of Duke Energy Common Stock on that date as reported on the New York Stock
Exchange Composite Transactions Tape. The ultimate value of a stock option
will depend on the market value of the underlying shares on a future date.
Aggregated Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End Option/SAR Values
| Name |
Shares Acquired on Exercise (#) |
Value Realized ($) |
Number of Securities Underlying Unexercised Options/SARS at
FY-End1 (#) |
Value of Unexercised In-the-Money Options/SARS at
FY-End ($) |
Exercisable/
Unexercisable |
Exercisable/
Unexercisable |
| Paul M. Anderson |
10,0002 |
39,167 |
— |
/ |
1,100,000 |
— |
/ |
3,300,000 |
| Richard B. Priory |
— |
— |
1,278,900 |
/ |
1,097,100 |
— |
/ |
3,278,544 |
| Fred J. Fowler |
13,791 |
87,312 |
799,658 |
/ |
286,500 |
354,693 |
/ |
1,342,680 |
| Robert P. Brace |
— |
— |
209,900 |
/ |
390,700 |
— |
/ |
852,368 |
| Richard J. Osborne |
— |
— |
332,900 |
/ |
209,500 |
— |
/ |
865,728 |
| Richard W. Blackburn |
— |
— |
620,150 |
/ |
186,650 |
— |
/ |
734,800 |
| Ruth G. Shaw |
— |
— |
431,450 |
/ |
186,650 |
— |
/ |
734,800 |
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