SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schott James F.

(Last)

(First)

(Middle)

200 EAST RANDOLPH STREET

(Street)

CHICAGO

60601

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTEGRYS ENERGY GROUP, INC. [ TEG ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec VP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2014

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

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/13/2014		M		5,418	A	$42.12	6,544.3884	D
Common Stock	08/13/2014		S		5,418	D	$66.1	1,126.3884	D
Common Stock								3,023.3141⁽¹⁾	I	By Employee Stock Ownership Plan
Common Stock								589.9437⁽²⁾	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to buy)	$42.12	08/13/2014		M			5,418	02/12/2010⁽³⁾	02/12/2019	Common Stock	5,418	$0.00	0	D
Employee Stock Option (Right to buy)	$54.85							12/07/2006⁽³⁾	12/07/2015	Common Stock	5,255		5,255	D
Employee Stock Option (Right to buy)	$52.73							12/07/2007⁽³⁾	12/07/2016	Common Stock	5,630		5,630	D
Employee Stock Option (Right to buy)	$58.65							05/17/2008⁽³⁾	05/17/2017	Common Stock	1,320		1,320	D
Employee Stock Option (Right to buy)	$48.36							02/14/2009⁽³⁾	02/14/2018	Common Stock	6,320		6,320	D
Employee Stock Option (Right to buy)	$41.58							02/11/2011⁽³⁾	02/11/2020	Common Stock	4,989		4,989	D
Employee Stock Option (Right to buy)	$49.4							02/10/2012⁽³⁾	02/10/2021	Common Stock	6,258		6,258	D
Employee Stock Option (Right to buy)	$53.24							02/09/2013⁽³⁾	02/09/2022	Common Stock	6,947		6,947	D
Employee Stock Option (Right to buy)	$56							02/14/2014⁽³⁾	02/14/2023	Common Stock	16,417		16,417	D
Employee Stock Option (Right to Buy)	$55.23							02/13/2015⁽³⁾	02/13/2024	Common Stock	17,930		17,930	D
Performance Rights	$0.00⁽⁴⁾							01/01/2015⁽⁴⁾	03/15/2015	Common Stock	2,343		2,343	D
Performance Rights	$0.00⁽⁴⁾							01/01/2016⁽⁴⁾	03/15/2016	Common Stock	5,818		5,818	D
Performance Rights	$0.00⁽⁴⁾							01/01/2017⁽⁴⁾	03/15/2017	Common Stock	7,168		7,168	D
Phantom Stock Unit	⁽⁵⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	4,810.9372		4,810.9372⁽⁷⁾	D
Restricted Stock Units 2011	⁽⁸⁾							02/10/2012	02/10/2015	Common Stock	240.4687		240.4687⁽⁹⁾	D
Restricted Stock Units 2012	⁽⁸⁾							02/09/2013	02/09/2016	Common Stock	450.95		450.95⁽⁹⁾	D
Restricted Stock Units 2013	⁽⁸⁾							02/14/2014	02/14/2017	Common Stock	1,334.787		1,334.787⁽⁹⁾	D
Restricted Stock Units 2014	⁽⁸⁾							02/13/2015	02/13/2018	Common Stock	2,146.5165		2,146.5165⁽⁹⁾	D

Explanation of Responses:

1. Balance reflects shares pertaining to the March 20 and June 20, 2014 dividend and shares allocated on March 31, 2014 under the Company's Employee Stock Ownership Plan.

2. Balance reflects dividend reinvestment shares purchased on March 20 and June 20, 2014.

3. The option vests in four equal annual installments beginning on the exercisable date.

4. Performance stock rights represent the right to receive shares of common stock of the Company, in the event certain performance goals are satisfied. These goals are based on Company performance against an established industry benchmark, over a three year performance period. The final award of shares issued can be between 0% and 200% of the reported target award.

5. These phantom stock units convert to common stock on a one-for-one basis.

6. Upon retirement or termination of service, distribution of phantom stock units will commence in January of the year that is both (1) following the calendar year in which service terminates with the Company, and (2) at least six months following termination, or later if the participant selected a later date.

7. Balance reflects dividends paid on phantom stock units and reinvested in additional phantom stock units, under the Company's Deferred Compensation Plan on March 20 and June 20, 2014.

8. Each restricted stock unit represent a contingent right to receive one share of Company common stock. The restricted stock units vest in four equal annual installments beginning on the exercisable date.

9. Balance reflects the dividend paid on restricted stock units and reinvested in additional stock units, under the Company's Omnibus Incentive Plans on March 20 and June 20, 2014.

Remarks:

	Dane E. Allen, as Power of Attorney for Mr. Schott	08/14/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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