ENTERGY CORP /DE/ — Director's Dealing 2003

May 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERGY CORP /DE/ (ETR)
CIK: 0000065984
Period of Report: 2003-05-13

Reporting Person: HINTZ DONALD C (President)

Footnotes

F1: The filing individual engaged in a "Stock for Stock" exercise of 42,020 options. The exercise price, tax withholding and commission price were paid by surrendering 20,000 shares to the Company, which the filing individual purchased on the open market on May 13, 2003. Following the exercise, the filing individual received 20,000 shares plus his gain (22,020 shares), the value of which 22,020 shares were deferred into phantom Entergy units held in a brokerage account. The deferral is until the earlier of January 3, 2005 or retirement from the Company. The reporting person did not realize profit in connection with purchases and sales as reported in this Form 4 and in the previous Form 4's filed during the past six months. Additional information concerning "Stock-for-Stock" exercises can be found in a Form 8-K filed by the Company on May 1, 2002.

F2: Filing individual engaged in cashless exercise of in-the-money stock options, exempt under Rule 16b-6(b). The shares subject to option reported in this Form 4 were all sold on the same day that the options were exercised. The sale took place over the course of the day at two different prices. Although the average sale price is shown in Column 4, the actual prices were: 4,700 shares at 48.55 and 300 shares at 48.56. A portion of the sale price of the shares (Code F) was used to pay the exercise price, commission and the tax withholding. The remaining portion of the sale price of the shares (Code J) was retained by the filing individual. The filing individual's balance in the Company's Savings Plan on March 31, 2003 was 4,218 shares.

F3: 1 for 1 at the then market price.