-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HPOnM5ycZJris3uI5G//xZO0VKMdXFEZz1Oycu+o/+mYOs/jYHS3jdSDPpCmj74A NEEQpXyfpAQ3JLQcb+eAyQ== 0001085392-06-000042.txt : 20060306 0001085392-06-000042.hdr.sgml : 20060306 20060306153958 ACCESSION NUMBER: 0001085392-06-000042 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060303 FILED AS OF DATE: 20060306 DATE AS OF CHANGE: 20060306 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PUGET ENERGY INC /WA CENTRAL INDEX KEY: 0001085392 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 911969407 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 10885 NE 4TH STREET CITY: BELLEVUE STATE: WA ZIP: 980045515 BUSINESS PHONE: 4254546363 MAIL ADDRESS: STREET 1: PO BOX 97034 CITY: BELLEVUE STATE: WA ZIP: 980045515 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VALDMAN BERTRAND A CENTRAL INDEX KEY: 0001270219 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16305 FILM NUMBER: 06667195 MAIL ADDRESS: STREET 1: PO BOX 97034 CITY: BELLEVUS STATE: WA ZIP: 98009-9734 4 1 val500.xml X0202 4 2006-03-03 0 0001085392 PUGET ENERGY INC /WA PSD 0001270219 VALDMAN BERTRAND A 10885 NE 4TH STREET, PSE-12 BELLEVUE WA 980045591 0 1 0 0 Sr. VP and CFO Common 2006-03-03 4 A 0 9588 A 15588 D Common 3821 I By 401(k) Common 6567 I By Brokerage Account LTIP 2006-03-03 4 A 0 11279 0 A 2008-12-31 2008-12-31 Common 11279 11279 D LTIP 0.00 2006-12-31 2006-12-31 Common 18527 18527 D LTIP 0.00 2007-12-31 2007-12-31 Common 21551 21551 D LTIP - 3 year cycle 0.00 2006-12-31 2006-12-31 Common 22973 22973 D PSE Deferred Compensation Plan 0.00 Common 1185 1185 D Performance based restricted stock grants under the Puget Energy Long Term Incentive Plan (LTIP) for Officers and Key Employees with dividend rights. Performance based restricted stock vests over a three-year period only if performance criteria are met. If performance criteria for vesting of the shares is met, 15% of performance shares will vest on January 1, 2007, 25% on January 1, 2008 and 60% on January 1, 2009. Performance shares grants under the Puget Energy Long Term Incentive Plan (LTIP) for Officers and Key Employees. LTIP performance shares are paid in stock (or cash) when vested from zero to 175% of LTIP performance shares granted. LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in Puget Energy stock when vested in an amount ranging from zero to 175% of LTIP Share Grants. LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in stock (or up to 50% in cash) when vested in an amount ranging from zero to 155.5% of LTIP Share Grants. LTIP share grants under the Puget Energy Long-Term Incentive Plan for Officers and Key Employees. LTIP Shares are paid in stock when vested in an amount ranging from zero to 192.5% of LTIP Share Grants. One common share will be received for each stock unit. Phantom share units deferred in the Puget Sound Energy Deferred Compensation Plan. /s/ Valdman, Bertrand A. 2006-03-06 -----END PRIVACY-ENHANCED MESSAGE-----