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*
Levis William
(Last) (First) (Middle)
80 PARK PLAZA
(Street)
NEWARK NJ 07102
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PUBLIC SERVICE ENTERPRISE GROUP INC [ PEG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres & COO, PSEG Power LLC
3. Date of Earliest Transaction (Month/Day/Year)
11/10/2014
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $32.925 11/10/2014 M 39,000 01/01/2008 12/31/2007 Common Stock 39,000 $32.925 39,000 D
Stock Option $32.925 11/10/2014 S 200 01/01/2008 12/31/2017 Common Stock 200 $41.2036 38,800 D
Stock Option $32.925 11/10/2014 S 200 01/01/2008 12/31/2017 Common Stock 200 $41.3 38,600 D
Stock Option $32.925 11/10/2014 S 300 01/01/2008 12/31/2017 Common Stock 300 $41.19 38,300 D
Stock Option $32.925 11/10/2014 S 300 01/01/2008 12/31/2017 Common Stock 300 $41.2455 38,000 D
Stock Option $32.925 11/10/2014 S 600 01/01/2008 12/31/2017 Common Stock 600 $41.2505 37,400 D
Stock Option $32.925 11/10/2014 S 1,100 01/01/2008 12/31/2017 Common Stock 1,100 $41.2259 36,300 D
Stock Option $32.925 11/10/2014 S 1,100 01/01/2008 12/31/2017 Common Stock 1,100 $41.2318 35,200 D
Stock Option $32.925 11/10/2014 S 1,100 01/01/2008 12/31/2017 Common Stock 1,100 $41.259 34,100 D
Stock Option $32.925 11/10/2014 S 1,200 01/01/2008 12/31/2017 Common Stock 1,200 $41.23 32,900 D
Stock Option $32.925 11/10/2014 S 1,300 01/01/2008 12/31/2017 Common Stock 1,300 $41.2388 31,600 D
Stock Option $32.925 11/10/2014 S 1,400 01/01/2008 12/31/2017 Common Stock 1,400 $41.24 30,200 D
Stock Option $32.925 11/10/2014 S 1,400 01/01/2008 12/31/2017 Common Stock 1,400 $41.2438 28,800 D
Stock Option $32.925 11/10/2014 S 1,400 01/01/2008 12/31/2017 Common Stock 1,400 $41.2557 27,400 D
Stock Option $32.925 11/10/2014 S 1,416 01/01/2008 12/31/2017 Common Stock 1,416 $41.29 25,984 D
Stock Option $32.925 11/10/2014 S 1,600 01/01/2008 12/31/2017 Common Stock 1,600 $41.2722 21,184 D
Stock Option $32.925 11/10/2014 S 1,600 01/01/2008 12/31/2017 Common Stock 1,600 $41.2596 22,784 D
Stock Option $32.925 11/10/2014 S 1,600 01/01/2008 12/31/2017 Common Stock 1,600 $41.2275 24,384 D
Stock Option $32.925 11/10/2014 S 1,668 01/01/2008 12/31/2017 Common Stock 1,668 $41.25 19,516 D
Stock Option $32.925 11/10/2014 S 2,000 01/01/2008 12/31/2017 Common Stock 2,000 $41.2868 17,516 D
Stock Option $32.925 11/10/2014 S 2,342 01/01/2008 12/31/2017 Common Stock 2,342 $41.28 15,174 D
Stock Option $32.925 11/10/2014 S 2,400 01/01/2008 12/31/2017 Common Stock 2,400 $41.22 12,774 D
Stock Option $32.925 11/10/2014 S 2,500 01/01/2008 12/31/2017 Common Stock 2,500 $41.26 10,274 D
Stock Option $32.925 11/10/2014 S 3,376 01/01/2008 12/31/2017 Common Stock 3,376 $41.2 6,898 D
Stock Option $32.925 11/10/2014 S 3,391 01/01/2008 12/31/2017 Common Stock 3,391 $41.27 3,507 D
Stock Option $32.925 11/10/2014 S 3,507 01/01/2008 12/31/2017 Common Stock 3,507 $41.21 0.0000 D
Explanation of Responses:
Anthony Battista as Attorney-in-fact for William Levis 11/11/2014
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.