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SEC FORM 4 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^*

LATZ JEANIE SELL

(Last)

(First)

(Middle)

1201 WALNUT

(Street)

KANSAS CITY

64106

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GREAT PLAINS ENERGY INC [ GXP ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Ex. VP, Secretary

3. Date of Earliest Transaction (Month/Day/Year)
06/07/2004

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								4,901⁽¹⁾	I	401-k
Common Stock	06/07/2004	06/07/2004	M		4,000	A	$20.625	9,829⁽²⁾	D
Common Stock⁽³⁾	06/07/2004	06/07/2004	M		3,358⁽³⁾	A	⁽³⁾	13,187⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)⁽⁴⁾	$20.625	06/07/2004	06/07/2004	M⁽⁴⁾			4,000	⁽⁴⁾	⁽⁴⁾	Common Stock⁽⁴⁾	4,000⁽⁴⁾	$20.625	31,887⁽⁴⁾	D
Dividend Rights⁽⁵⁾	⁽⁵⁾	06/07/2004⁽⁵⁾	⁽⁵⁾	A	V	146⁽⁵⁾		⁽⁵⁾	⁽⁵⁾	Common Stock⁽⁵⁾	146⁽⁵⁾	⁽⁵⁾	5,515⁽⁵⁾	I	Dividend Rights⁽⁵⁾
Dividend Rights⁽⁵⁾	⁽⁵⁾	06/07/2004⁽⁵⁾	06/07/2004⁽⁵⁾	M			3,358⁽⁵⁾	⁽⁵⁾	⁽⁵⁾	Common Stock⁽⁵⁾	3,358⁽⁵⁾	⁽⁵⁾	2,157⁽⁵⁾	I	Dividend Rights⁽⁵⁾
Performance Shares⁽⁶⁾	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Common Stock⁽⁶⁾	⁽⁶⁾		2,147⁽⁶⁾	D

Explanation of Responses:

1. Between January-May 2004, reporting person acquired 138 shares of GXP common stock through participation in the Great Plains Energy Incorporated 401-k Plan.

2. Amount includes/reflects 4,550 shares of restricted stock.

3. Reinvested dividends accrued on stock options from date of grant to date of exercise.

4. Stock Options granted in tandem with stock appreciation rights exercisable automatically in the event of a change in control as defined by the Long-Term Incentive Plan under which they were granted. Options may be exercised with cash or previously-owned shares of Common Stock.

5. Dividends accrue on options granted prior to 2001 as if reinvested in Common Stock at the Fair Market Value on each quarterly dividend date. Optionee is not entitled to these dividends payable in shares of Common Stock unless the options are exercised and the Fair Market Value of the Common Stock is equal to or more than the option price on the exercise date.

6. Performance Shares awarded under the Long-Term Incentive Plan. Payment to which Grantee shall be entitled at the end of 2006 will be based on the performance of the Company and paid in Common Stock in an amount ranging from zero (0) to 200 percent (200%) of the performance shares awarded.

Remarks:

	Jeanie Sell Latz	06/08/2004
	** 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.