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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.