Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DEWHURST MORAY P
  2. Issuer Name and Ticker or Trading Symbol
FPL GROUP INC [FPL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
VP / Sr VP of Sub
(Last)
(First)
(Middle)
FPL GROUP, INC., 700 UNIVERSE BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2008
(Street)

JUNO BEACH, FL 33408
4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Common Stock 05/07/2008   M   25,000 A $ 27.68 189,857 (1) D  
Common Stock 05/07/2008   S   300 D $ 66.22 189,557 (1) D  
Common Stock 05/07/2008   S   20,100 D $ 66.23 169,457 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.26 169,357 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.28 169,257 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.29 169,157 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.3 169,057 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.31 168,957 (1) D  
Common Stock 05/07/2008   S   200 D $ 66.32 168,757 (1) D  
Common Stock 05/07/2008   S   300 D $ 66.33 168,457 (1) D  
Common Stock 05/07/2008   S   200 D $ 66.34 168,257 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.35 168,157 (1) D  
Common Stock 05/07/2008   S   200 D $ 66.36 167,957 (1) D  
Common Stock 05/07/2008   S   200 D $ 66.37 167,757 (1) D  
Common Stock 05/07/2008   S   2,400 D $ 66.38 165,357 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.39 165,257 (1) D  
Common Stock 05/07/2008   S   200 D $ 66.4 165,057 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.41 164,957 (1) D  
Common Stock 05/07/2008   S   100 D $ 66.42 164,857 (1) D  
Common Stock               1,955 I By Thrift Plans Trust
Common Stock               25,219 (2) I By Rabbi Trust

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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 Underlying Securities
(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 of Derivative Security: 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
Phantom Shares (3)               (3)   (3) Common Stock (3)   6,271 D  
Employee Stock Option (Right to Buy) $ 27.68 05/07/2008   M     25,000   (4) 09/17/2011 Common Stock 25,000 (5) 175,000 D  
Employee Stock Option (Right to Buy) $ 26.32               (4) 02/11/2012 Common Stock 100,000   100,000 D  
Employee Stock Option (Right to Buy) $ 27.56               (4) 02/13/2013 Common Stock 100,000   100,000 D  
Employee Stock Option (Right to Buy) $ 32.46               (4) 02/12/2014 Common Stock 100,000   100,000 D  
Employee Stock Option (Right to Buy) $ 36.95               (4) 01/03/2015 Common Stock 60,000   60,000 D  
Employee Stock Option (Right to Buy) $ 41.76               (6) 02/16/2016 Common Stock 50,000   50,000 D  
Employee Stock Option (Right to Buy) $ 59.05               (7) 02/15/2017 Common Stock 35,834   35,834 D  
Employee Stock Option (Right to Buy) $ 64.69               (8) 02/15/2018 Common Stock 39,240   39,240 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DEWHURST MORAY P
FPL GROUP, INC.
700 UNIVERSE BOULEVARD
JUNO BEACH, FL 33408
      VP Sr VP of Sub

Signatures

 Alissa E. Ballot (Attorney-in-fact)   05/08/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 21,602 shares deferred until reporting person's retirement.
(2) Deferred shares held by Trustee of grantor trust in which reporting person has a pecuniary interest only.
(3) Phantom shares are annually credited to an unfunded Supplemental Matching Contribution Account ("SMCA") for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan in an amount determined by dividing an amount equal to (a) certain matching contributions in excess of the limits of the Issuer's Thrift Plan ("Thrift Plan") plus (b) theoretical earnings thereon, by (c) the closing price of the Issuer's common stock on December 31 of the relevant year. The value of the SMCA is payable in cash following the reporting person's termination of employment with the Issuer and its subsidiaries.
(4) Options are currently exercisable.
(5) Not applicable.
(6) Options to buy 33,334 shares are currently exercisable and options to buy 16,666 shares become exercisable on 02/16/2009.
(7) Options to buy 11,944 shares are currently exercisable and options to buy 11,945 shares become exercisable on each of 02/15/2009 and 02/15/2010.
(8) Options to buy 13,080 shares become exercisable on each of 02/15/2009, 02/15/2010 and 02/15/2011.

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