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FIRSTENERGY CORP — Director's Dealing 2012
Mar 6, 2012
30195_dirs_2012-03-06_e17a96fc-4df6-4b7e-a45d-fdac633724a4.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: CAVALIER LYNNETTE M (Senior VP, Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-02 | Common Stock | C | 2999 | $44.40 | Acquired | 71590.25 | Direct |
| 2012-03-02 | Common Stock | A | 3073 | $44.40 | Acquired | 74663.25 | Direct |
| 2012-03-02 | Common Stock | F | 1956 | $44.40 | Disposed | 72707.25 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-02 | Rsup12 | $1.00 | C | 2999 | Disposed | 2012-03-02 | Common Stock (2999) | Direct |
| 2012-03-06 | RSUP17 | $1.00 | A | 4617 | Acquired | 2015-03-05 | Common Stock (4617) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6092.95 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom / Retirement | $1.00 | Common Stock (15332.891) | 15332.891 | Direct | |
| Phantom 3/05d Retirement | $1.00 | Common Stock (4599.43) | 4599.43 | Direct | |
| RSUP14 | $1.00 | 2013-03-08 | Common Stock (3086) | 3086 | Direct |
| RSUP16 | $1.00 | 2014-03-04 | Common Stock (3286) | 3286 | Direct |
Footnotes
F1: 1 for 1
F2: This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
F3: These transactions reflect the extension of the expiration date of phantom stock from 3/1/2008 to "retirement" under arrangements approved by the Compensation Committee and reflect the movement of stock from the Phantom 3/05 account to the "retirement" account.
F4: 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.
F5: 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.