-----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, MnA41qcGdGqCTlbgFQgcObiK7PhlvfETWpvJnIp58EJ9oDgPllerzn56XsNOBp2p 95oRS2EBNxDJEvFeERhJtQ== 0001085392-07-000028.txt : 20070302 0001085392-07-000028.hdr.sgml : 20070302 20070302184453 ACCESSION NUMBER: 0001085392-07-000028 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070228 FILED AS OF DATE: 20070302 DATE AS OF CHANGE: 20070302 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: 07669243 MAIL ADDRESS: STREET 1: PO BOX 97034 CITY: BELLEVUS STATE: WA ZIP: 98009-9734 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 4 1 val567.xml X0202 4 2007-02-28 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 2007-02-28 4 A 0 8354 A 21942 D Common 2007-02-28 4 M 0 3963 A 25905 D Common 2007-02-28 4 F 0 1043 24.51 D 24862 D Common 4253 I By 401(k) Common 8038 I By Brokerage Account LTIP 2007-02-28 4 J 0 18527 0 D 2006-12-31 2006-12-31 Common 18527 0 D LTIP 2007-02-28 4 A 0 9826 0 A 2009-12-31 2009-12-31 Common 9826 9826 D LTIP - 3 year cycle 2007-02-28 4 M 0 22973 24.51 D 2006-12-31 2006-12-31 Common 22973 0 D LTIP 0.00 2007-12-31 2007-12-31 Common 21551 21551 D LTIP 0.00 2008-12-31 2008-12-31 Common 11279 11279 D PSE Deferred Compensation Plan 0.00 Common 1238 1238 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, 2008, 25% on January 1, 2009 and 60% on January 1, 2010. Represents an award of 2004-2006 Puget Energy Long Term Incentive Plan performance shares. 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. 0 shares were awarded for the 2003-2006 LTIP cycle grants. Outstanding share grants were forfeited. 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 stock (or up to 50% in cash) when vested in an amount ranging from zero to 155.5% 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. By: /s/ Bertrand A. Valdman 2007-03-02 -----END PRIVACY-ENHANCED MESSAGE-----