Option Exercises and Year-End Values
This table shows aggregate exercises of options during 2004 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 closing price of a share of Duke Energy Common Stock as reported on the New York Stock Exchange Composite Transactions Tape on December 31, 2004, which was $25.33. The ultimate value of a stock option will depend on the market value of the underlying shares at the time of exercise.
Aggregated Option/SAR Exercises in Last Fiscal Year and Fiscal Year-End Option/SAR Values
| Name |
Shares Acquired on Exercise (#) |
Value Realized ($) |
Number of Securities Underlying Unexercised Options/SARS at FY-End1 (#) |
Value of Unexercised In-the-Money Options/SARS at FY-End1 ($) |
Exercisable/ Unexercisable |
Exercisable/ Unexercisable |
| Paul M. Anderson |
— |
— |
— |
/ |
1,100,000 |
— |
/ |
8,668,000 |
| Fred J. Fowler |
17,106 |
258,749 |
888,552 |
/ |
180,500 |
1,018,308 |
/ |
1,742,670 |
| Jimmy W. Mogg |
— |
— |
346,788 |
/ |
86,200 |
343,578 |
/ |
780,300 |
| David L. Hauser |
— |
— |
162,425 |
/ |
33,775 |
160,479 |
/ |
296,514 |
| Ruth G. Shaw |
— |
— |
512,725 |
/ |
105,375 |
360,215 |
/ |
953,700 |