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FIRSTENERGY CORP Director's Dealing 2012

Mar 6, 2012

30195_dirs_2012-03-06_52aa7aae-794e-4387-bc61-66676c8350a2.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: ALEXANDER ANTHONY J (Pres. & Chief Exec. Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-02 Common Stock C 34216 $44.40 Acquired 258871.262 Direct
2012-03-02 Common Stock A 35066 $44.40 Acquired 293937.262 Direct
2012-03-02 Common Stock F 29238 $44.40 Disposed 264699.262 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-02 Rsup12 $1.00 C 34216 Disposed 2012-03-02 Common Stock (34216) Direct
2012-03-06 RSUP17 $1.00 A 57863 Acquired 2015-03-05 Common Stock (57863) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 209 Indirect
Common Stock 80000 Indirect
Common Stock 31216.767 Indirect
Common Stock 81578.656 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom / Retirement $ Common Stock (41863.113) 41863.113 Direct
RSUP14 $1.00 2013-03-08 Common Stock (34943) 34943 Direct
RSUP16 $1.00 2014-03-04 Common Stock (37786) 37786 Direct
Stock Options (Right to Buy) $38.76 2014-03-01 Common Stock (257100) 257100 Direct
Stock Options (Right to Buy) $37.75 2021-02-25 Common Stock (200643) 200643 Direct

Footnotes

F1: 1 for 1

F2: RSUP12 award listed in Table II has been reported at 50% of the original grant amount, as that 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.

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: 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.

F5: These shares represent Anthony J. Alexander's child's savings plan shares. Mr. Alexander disclaims beneficial ownership of these shares.

F6: These shares represent gifts of securities by Mr. Alexander to his children, who share his household. Mr. Alexander disclaims beneficial ownership of these shares.

F7: 23,715.286 of these shares represent an annuity payment on 12/30/11 from the Anthony J. Alexander Grantor Retained Annuity Trust dated December 29, 2010.