form4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

W

Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.

1. Name and Address of Reporting Person

Kelleher, Lawrence J.

2. Issuer Name and Ticker or Trading Symbol

FPL Group, Inc. (FPL)

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

Director

  

10% Owner

X

Officer (give title below)

Other (specify below)

(Last)        (First)       (Middle)

FPL Group, Inc.
700 Universe Boulevard

3. I.R.S. Identification Number of
    Reporting Person, if an entity
    (voluntary)

4. Statement for     Month/Day/Year

February 12, 2003


(1)

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

(Street)

Juno Beach, FL 33408

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

X

Form filed by One Reporting Person

(City)          (State)      (Zip)

Form filed by More than One Reporting Person

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

2. Trans-    action     Date

(Month/
Day/
Year)

2A.
Deemed
Execution
Date, if any

(Month/
Day/
Year)

3. Transaction
    Code

4. Securities Acquired
    (A) or Disposed of
    (D)

5. Amount of
    Securities
    Beneficially
    Owned
    Following
    Reported
    Transaction(s)

6. Ownership
    Form:
    Direct
    (D)
    or
    Indirect
    (I)

7. Nature of
    Indirect
    Beneficial
    Ownership

Code

V

Amount

A or D

Price

Common Stock

- -

- -

- -

- -

- -

- -

- -

712.1982

I

By Thrift Plans Trust

Common Stock

2/12/03

- -

F (2)

  

3,557

D

$54.20

54,203 (3)

D

  
                     
                     
                     
                     
                     
                     
                     

 

FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of
    Derivative
    Security

2. Conversion
    or Exercise
    Price of
    Derivative
    Security

3. Trans-
    action
    Date

(Month/
Day/
Year)

3A.
Deemed
Execu-
tion Date,
if any

(Month/
Day/
Year

4. Trans-
    action
    Code

5. Number
    of
    Derivative
    Securities
    Acquired
    (A)
    or
    Disposed
    of (D)

6. Date Exercisable
   and Expiration Date
   (Month/Day/Year)

7. Title and
    Amount of
    Underlying
    Securities

8. Price
    of
    Derivative
    Security

9. Number
    of
    Derivative
    Securities
    Beneficially
    Owned
    Following
    Reported
    Trans-
    action(s)

10. Ownership
      Form of
      Derivative
      Security:
      Direct (D)
      or
      Indirect (I)

11. Nature of
      Indirect
      Beneficial
      Ownership

Code

V

A

D

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares
                               
                               
                               
                               
                               
                               
                               
                               

Explanation of Responses:

(1)    Vice President, Human Resources of FPL Group, Inc.; Senior Vice President, Human Resources and Director of Florida Power & Light Company (subsidiary of Issuer).

(2)    Restricted stock withheld by Issuer to satisfy tax withholding obligation on vesting of restricted stock which was granted on February 12, 2001.

(3)    Receipt of 15,709 shares deferred until Mr. Kelleher's retirement.

 
   

DENNIS P. COYLE

  

February 13, 2003

  

   

Signature of Reporting Person

Date