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^*

ARON DON STEPHEN

(Last)

(First)

(Middle)

109 NORTH POST OAK LANE

(Street)

HOUSTON

77024

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GEXA CORP [ GEXC ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2005

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	06/17/2005		D		200,000	D	$0⁽¹⁾	0	D

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)
Common Stock Warrant (Right to Buy)	$1	06/17/2005		D			18,334	07/16/2003	07/16/2010	Common Stock	18,334	$0⁽²⁾	0	D
Director Stock Option (Right to Buy)	$2	06/17/2005		D			50,000	06/17/2005	06/01/2007	Common Stock	50,000	$0⁽³⁾	0	I	By Affiliate
Director Stock Option (Right to Buy)	$2	06/17/2005		D			30,000	06/17/2005	06/01/2008	Common Stock	30,000	$0⁽⁴⁾	0	I	By Affiliate
Director Stock Option (Right to Buy)	$4.56	06/17/2005		D			20,000	06/17/2005	10/01/2014	Common Stock	20,000	$0⁽⁵⁾	0	I	By Affiliate

Explanation of Responses:

1. Converted pursuant to the Agreement and Plan of Merger (the ?Merger Agreement?) among issuer, FPL Group, Inc. (?FPL Group?), FRM Holdings, LLC and WPRM Acquisition Subsidiary, Inc. into 33,640 shares of FPL Group common stock having a market value of $40.89 per share on the effective date of the merger. Any fractional share due was paid in cash.

2. Converted pursuant to Merger Agreement into a warrant to buy 3,083 shares of FPL Group common stock having a market value of $40.89 per share on the effective date of the merger at an exercise price of $5.95 per share.

3. Converted pursuant to Merger Agreement into an option to buy 8,410 shares of FPL Group common stock having a market value of $40.89 per share on the effective date of the merger at an exercise price of $11.89 per share.

4. Converted pursuant to Merger Agreement into an option to buy 5,046 shares of FPL Group common stock having a market value of $40.89 per share on the effective date of the merger at an exercise price of $11.89 per share.

5. Converted pursuant to Merger Agreement into an option to buy 3,364 shares of FPL Group common stock having a market value of $40.89 per share on the effective date of the merger at an exercise price of $27.11 per share.

Remarks:

	/s/ DAVID K. HOLEMAN, ATTORNEY-IN-FACT	06/24/2005
	** 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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