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FIRSTENERGY CORP — Director's Dealing 2011
Nov 8, 2011
30195_dirs_2011-11-08_dfde600c-3c6e-46a4-8781-d6173fee578b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FIRSTENERGY CORP (FE)
CIK: 0001031296
Period of Report: 2011-11-04
Reporting Person: JOHNSON JULIA L (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-04 | Common Stock | J | 14691.449 | — | Disposed | 4702.422 | Direct |
| 2011-11-04 | Common Stock | A | 478 | $45.2734 | Acquired | 5180.422 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-11-04 | Phantom Stock Units | $ | J | 14691.449 | Acquired | Common Stock (14691.449) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | Common Stock (7242.099) | 7242.099 | Direct |
Footnotes
F1: 1 for 1
F2: Represents shares underlying deferred share units deferred under the Allegheny Energy, Inc. Amended and Restated Revised Plan for Deferral of Compensation of Directors. To conform with reporting practices of deferred compensation at FirstEnergy Corp., the shares have been moved from Table I to Table II.
F3: Upon completion of the merger pursuant to which Element Merger Sub, Inc., a wholly owned subsidiary of FirstEnergy Corp. ("FirstEnergy"), merged with and into Allegheny Energy, Inc. ("Allegheny Energy") with Allegheny Energy becoming a wholly owned subsidiary of FirstEnergy (the "Merger"), FirstEnergy issued to Allegheny Energy stockholders 0.667 of a share of FirstEnergy common stock for each share of Allegheny Energy common stock held prior to the merger. On the effective date of the Merger, the closing price of FirstEnergy's common stock was $37.75.
F4: Each share of phantom stock is the economic equivalent of one share of FirstEnergy Corp. common stock.
F5: The phantom stock units were converted upon the FirstEnergy Corp./Allegheny Energy, Inc. merger based on an exchange ratio of 0.667 of a share of FirstEnergy Corp. common stock for each share of Allegheny Enercy, Inc. common stock and are payable in cash upon separation/termination from FirstEnergy Corp. Board.