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FIRSTENERGY CORP — Director's Dealing 2017
Mar 3, 2017
30195_dirs_2017-03-03_5573cc81-f8ba-453d-9a0e-ec6c5e8a2ecb.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: 2017-03-01
Reporting Person: K. Jon Taylor (VP, Controller & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-03-01 | Common Stock | M | 14358.16 | — | Acquired | 21991.036 | Direct |
| 2017-03-01 | Common Stock | D | 13697.684 | — | Disposed | 8293.352 | Direct |
| 2017-03-01 | Common Stock | F | 660.476 | $31.74 | Disposed | 7632.876 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-03-01 | RSUP19 | $ | M | 14358.16 | Disposed | Common Stock (14358.16) | Direct | |
| 2017-03-01 | Phantom 3/17D | $ | A | 13697.684 | Acquired | Common Stock (13697.684) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2205.855 | Indirect |
Footnotes
F1: The amount listed in Table II represents the vesting of the RSUP19 award. The award vested on March 1, 2017. The shares coded "F" were automatically withheld to cover income tax obligations associated with the payout. Amounts also include dividend reinvestment.
F2: 1 for 1. The RSUP19 award was previously granted for $0.00 consideration under the FirstEnergy Corp. 2007 Incentive Plan.
F3: Balance includes shares acquired through dividend reinvestment.
F4: This transaction reflects the deferral of the RSUP19 award. As a result, the reporting person is reporting the disposition of shares of common stock in exchange for an equal number of shares of phantom stock. The phantom stock becomes payable in cash upon retirement or other termination of employment under arrangements approved by the Compensation Committee.
F5: FE's 401(k) Savings 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 January 31, 2017.
F6: 1 for 1
F7: This holding reflects phantom stock payable in cash upon retirement or other termination of employment under the FirstEnergy Corp. Executive Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock.