Filing Details

Accession Number:
0001127602-13-010505
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-03-12 16:39:48
Reporting Period:
2013-03-08
Filing Date:
2013-03-12
Accepted Time:
2013-03-12 16:39:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1031296 Firstenergy Corp FE Electric Services (4911) 341843785
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1490185 H James Lash 76 South Main Street
Akron OH 44308
President Fe Generation No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-03-08 4,759 $40.82 38,045 No 4 M Direct
Common Stock Acquisiton 2013-03-08 9,718 $40.82 47,763 No 4 A Direct
Common Stock Disposition 2013-03-08 6,906 $40.82 40,857 No 4 F Direct
Common Stock Disposition 2013-03-12 12,500 $41.18 28,357 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 A Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock RSUP18 Acquisiton 2013-03-08 8,017 $40.82 8,017 $0.00
Common Stock RSUP14 Disposition 2013-03-08 4,759 $0.00 4,759 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,017 2016-03-01 2016-03-01 No 4 A Direct
0 2013-03-08 2013-03-08 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 563 Indirect By Savings Plan
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom / Retirement $0.00 11,492 11,492 Direct
Common Stock Phantom 3/05d Retirement $0.00 4,256 4,256 Direct
Common Stock RSUP16 $0.00 2014-03-04 2014-03-04 6,130 6,130 Direct
Common Stock RSUP17 $0.00 2015-03-05 2015-03-05 7,617 7,617 Direct
Common Stock Stock Options (Right to Buy) $37.75 2015-03-01 2021-02-25 80,257 80,257 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
11,492 11,492 Direct
4,256 4,256 Direct
2014-03-04 6,130 6,130 Direct
2015-03-05 7,617 7,617 Direct
2021-02-25 80,257 80,257 Direct
Footnotes
  1. RSUP14 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 were achieved, the award was paid out on March 8, 2013 at a performance rate of 150%. 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.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.13 to $41.27, inclusive. The reporting person undertakes to provide to FirstEnergy Corp., any security holder of FirstEnergy Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  3. 1 for 1
  4. This transaction is a performance-adjusted restricted stock unit grant (RSUP18) 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.
  5. This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.