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 *
HAY LEWIS III
  2. Issuer Name and Ticker or Trading Symbol
FPL GROUP INC [FPL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
Chairman/President/CEO / Dir/Chairman/CEO of Sub
(Last)
(First)
(Middle)
FPL GROUP, INC., 700 UNIVERSE BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2005
(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               914 I By Thrift Plan Trust
Common Stock               36,650 I By Hay Family Limited Partnership
Common Stock 02/17/2005   A(1)   7,217 (1) A $ 0 (2) 127,168 (3) D  

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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 (4) 02/17/2005   A   1,562     (4)   (4) Common Stock (4) (4) 5,387 D  
Employee Stock Option (Right to Buy) (5)               (5)   (5) Common Stock (5)   150,000 (5) D  
Employee Stock Option (Right to Buy) (6)               (6)   (6) Common Stock (6)   50,000 (6) D  
Employee Stock Option (Right to Buy) (7)               (7)   (7) Common Stock (7)   75,000 (7) D  
Employee Stock Option (Right to Buy) (8)               (8)   (8) Common Stock (8)   75,000 (8) D  
Employee Stock Option (Right to Buy) (9)               (9)   (9) Common Stock (9)   75,000 (9) D  
Employee Stock Option (Right to Buy) (10)               (10)   (10) Common Stock (10)   50,000 (10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HAY LEWIS III
FPL GROUP, INC.
700 UNIVERSE BOULEVARD
JUNO BEACH, FL 33408
  X     Chairman/President/CEO Dir/Chairman/CEO of Sub

Signatures

 DENNIS P. COYLE (Attorney-in-Fact)   02/17/2005
**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) Reporting person deferred receipt of these shares acquired in settlement of performance share awards (which were not derivative securities) under Amended and Restated Long Term Incentive Plan of Issuer, exempt under Rule 16b-3, until his retirement.
(2) Not applicable.
(3) Includes 17,287 shares deferred until the reporting person's retirement.
(4) Phantom shares credited to a Supplemental Matching Contribution Account for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan. Phantom shares represent the number of phantom shares of FPL Group, Inc. common stock credited to the reporting person if the phantom shares had been invested in FPL Group's company stock fund in its Thrift Plan during fiscal year 2004 based on share prices ranging from $60.97 to $75.95. Amount shown constitutes the difference between the balance at 12/31/04 and the balance at 12/31/03. Includes cash dividends that would be payable on the phantom shares if the reporting person was the record holder of the number of shares of FPL Group, Inc. common stock equal to the phantom shares. Shares of phantom stock are payable in cash following the reporting person's termination of employment with FPL Group, Inc. This filing is not an admission that the phantom shares are derivative securities.
(5) On February 12, 2001, the reporting person was granted an option to purchase 150,000 shares of FPL Group, Inc. common stock with an exercise price of $61.72 per share. The option (i) is fully vested and (ii) expires on February 12, 2011.
(6) On September 17, 2001, the reporting person was granted an option to purchase 50,000 shares of FPL Group, Inc. common stock with an exercise price of $55.35 per share. The option (i) is fully vested and (ii) expires on September 17, 2011.
(7) On February 11, 2002, the reporting person was granted an option to purchase 75,000 shares of FPL Group, Inc. common stock with an exercise price of $52.64 per share. The option (i) is fully vested and (ii) expires on February 11, 2012.
(8) On February 13, 2003, the reporting person was granted an option to purchase 75,000 shares of FPL Group, Inc. common stock with an exercise price of $55.12 per share. The option (i) vests as to 25,000 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 13, 2013.
(9) On February 12, 2004, the reporting person was granted an option to purchase 75,000 shares of FPL Group, Inc. common stock with an exercise price of $64.92 per share. The option (i) vests as to 25,000 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 12, 2014.
(10) On January 3, 2005, the reporting person was granted an option to purchase 50,000 shares of FPL Group, Inc. common stock with an exercise price of $73.90 per share. The option (i) vests as to 16,667 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on January 3, 2015.

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