Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

FIRSTENERGY CORP Director's Dealing 2016

Mar 3, 2016

30195_dirs_2016-03-03_e19738a3-f412-44ca-9949-cf2c896db148.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRSTENERGY CORP (FE)
CIK: 0001031296
Period of Report: 2016-03-01

Reporting Person: Strah Steven E (Sr VP & President FE Utilities)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-03-01 Common Stock M 4888 Acquired 6966.882 Direct
2016-03-01 Common Stock F 1619 $33.535 Disposed 5347.882 Direct
2016-03-01 Common Stock M 283.0756 Acquired 5630.9576 Direct
2016-03-01 Common Stock D 23.0756 $33.45 Disposed 5607.882 Direct
2016-03-01 Common Stock F 75 $33.45 Disposed 5532.882 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-03-01 RSUP18 $ M 4888 Disposed Common Stock (4888) Direct
2016-03-01 Phantom 3/13D $ M 283.0756 Disposed 2016-03-01 Common Stock (283.0756) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 774.258 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom 3/16D $ Common Stock (342.13) 342.13 Direct

Footnotes

F1: The amount listed in Table II represents the vesting of the RSUP18 award. The award vested on March 1, 2016 and because the performance targets were achieved, the award was paid out at a performance rate of 150%. The shares coded "F" were withheld to cover income tax obligations associated with the payout.

F2: 1 for 1

F3: Balance includes shares acquired through dividend reinvestment.

F4: These transactions reflect the conversion of stock originally deferred for three years and dividend equivalents accrued during that time, and credited to the Executive Deferred Compensation Plan's Phantom 3/13D stock account, to directly-held common stock. Units were withheld to cover income tax obligations.

F5: Dividend equivalents that accrue after January 1, 2014 on shares held in the Phantom 3/13d account are paid in cash under the terms of the Executive Deferred Compensation Plan.

F6: FE's 401(k) Plan includes a unitized fund invested in FE stock, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(k) Plan in this row is an estimate of the number of shares of FE's common stock held in the unitized stock fund and allocated to the reporting person's account as of December 31, 2015.

F7: This holding reflects amounts payable upon retirement or other termination of employment under arrangements approved by the Compensation Committee.