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FIRSTENERGY CORP — Director's Dealing 2012
Mar 6, 2012
30195_dirs_2012-03-06_752bca75-4bdf-4844-9079-cd14d8089a07.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: 2012-03-02
Reporting Person: Lash James H (President FE Generation)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-02 | Common Stock | C | 2782 | $44.40 | Acquired | 48747.638 | Direct |
| 2012-03-02 | Common Stock | A | 1357 | $44.40 | Acquired | 50104.638 | Direct |
| 2012-03-02 | Common Stock | F | 1333 | $44.40 | Disposed | 48771.638 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-02 | Rsup12 | $ | C | 2782 | Disposed | 2012-03-02 | Common Stock (2782) | Direct |
| 2012-03-06 | RSUP17 | $1.00 | A | 7341 | Acquired | 2015-03-05 | Common Stock (7341) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 368.285 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom / Retirement | $ | Common Stock (10968.485) | 10968.485 | Direct | |
| Phantom 3/05d Retirement | $ | Common Stock (4050.467) | 4050.467 | Direct | |
| RSUP14 | $ | 2013-03-08 | Common Stock (4530) | 4530 | Direct |
| RSUP16 | $1.00 | 2014-03-04 | Common Stock (5835) | 5835 | Direct |
| Stock Options (Right to Buy) | $34.45 | 2012-04-01 | Common Stock (3750) | 3750 | Direct |
| Stock Options (Right to Buy) | $29.71 | 2013-03-01 | Common Stock (5925) | 5925 | Direct |
| Stock Options (Right to Buy) | $38.76 | 2014-03-01 | Common Stock (8000) | 8000 | Direct |
| Stock Options (Right to Buy) | $37.75 | 2021-02-25 | Common Stock (80257) | 80257 | Direct |
Footnotes
F1: 1 for 1
F2: This transaction is a performance-adjusted restricted stock unit grant (RSUP17) of which 50% is reflected in Table II. Of the total shares granted, 50% of the shares are subject to forfeiture if the performance goals are not met. The full grant can be adjusted upward by an additional 50% if the 3-year goals are achieved.
F3: This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
F4: These transactions reflect the extension of the expiration date of phantom stock from 3/1/2005 to "retirement" or "other termination of employment" under arrangements approved by the Compensation Committee, and reflects the stock moving to the "retirement" account from the Phantom 3/02D.
F5: RSUP12 award listed in Table II was inadvertently reported at a higher percentage of the original grant amount instead of at 50%, which represents the minimum amount guaranteed to be paid out upon vesting. Because of the performance targets achieved, the award was paid out on March 2, 2012, at a performance-rate of 100%. The shares coded "A" represent that portion attributable to this performance adjustment. The shares coded "F" were withheld to cover income tax obligations associated with the payout.