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4//SEC Filing

WELSH THOMAS M 4

Accession 0001127602-09-005909

CIK 0001031296other
View on SEC.govCompany Profile

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 6:00 PM ET

Size

26.2 KB

Accession

0001127602-09-005909

Insider Transaction Report

Form 4
Period: 2009-03-02
FIRSTENERGY CORPFE
WELSH THOMAS M
Senior Vice President
Transactions
  • Conversion

    Common Stock

    2009-03-02$42.53/sh+1,406.609$59,823→ 13,058.286 total
  • Tax Payment

    Common Stock

    2009-03-02$42.53/sh−5,159$219,412→ 7,690.286 total
  • Sale

    Common Stock

    2009-03-02$40.52/sh−1,347.497$54,601→ 0 total(indirect: Savings Plan)
  • Conversion

    Phantom 3/06d

    2009-03-02−1,299→ 0 total
    Exercise: $1.00From: 2006-03-02Exp: 2009-03-02→ Common Stock (1,299 underlying)
  • Conversion

    Rsup4

    2009-03-02−1,406.609→ 0 total
    Exercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (1,406.609 underlying)
  • Award

    Common Stock

    2009-03-02$42.53/sh+966$41,084→ 14,024.286 total
  • Tax Payment

    Common Stock

    2009-03-02$42.53/sh−1,175$49,973→ 12,849.286 total
  • Conversion

    Phantom / Retirement

    2009-03-02+1,299→ 1,887.063 total
    Exercise: $1.00→ Common Stock (1,299 underlying)
  • Award

    RSUP12

    2009-03-02$41.41/sh+1,402$58,057→ 1,402 total
    Exercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (1,402 underlying)
Holdings

  • Common Stock

    (indirect: By Jeff Welsh (son))
    1

  • Rsup6

    Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (1,619 underlying)
    1,619

  • Common Stock

    (indirect: By Thomas Welsh (son))
    1

  • Phantom 3/07d

    Exercise: $1.00From: 2007-03-01Exp: 2010-03-01→ Common Stock (363.4 underlying)
    363.4

  • Rsup10

    Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (1,557 underlying)
    1,557
Footnotes (7)
  • [F1]1 for 1
  • [F2]The RSUP4 award listed in Table II has been reported at 75% of the original grant amount, as that represents the minimum amount guaranteed to be paid out upon vesting. Because of performance targets achieved, the award was paid out on March 2, 2009, at a performance-adjusted rate of 125%. The shares coded "A" represent that portion attributable to this performance adjustment. The shares coded "F" were sold to cover income tax obligations associated with the payout.
  • [F3]This transaction reflects the sale of shares for taxes associated with the lapse of restricted stock, in accordance with a 10b5-1 Plan signed by Thomas M. Welsh on May 30, 2007.
  • [F4]This transaction was performed in accordance with a 10b5-1 Plan signed by Thomas M. Welsh on 5/30/2007.
  • [F5]This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
  • [F6]These transactions reflect the extension of the expiration date of phantom stock from 3/1/2009 to "retirement" under arrangements approved by the Compensation Committee and reflect the movement of stock from the Phantom 3/06D account to the "retirement" account.
  • [F7]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Welsh in the amount of 2,804 shares, of which 50% or 1,402 shares will be payable on March 2, 2012. Of these shares, 1,402 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.

Documents

1 file

Issuer

FIRSTENERGY CORP

CIK 0001031296

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Entity typeother

Related Parties

1
  • filerCIK 0001278878

Filing Metadata

Form type
4
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:00 PM ET
Size
26.2 KB
View on SEC.gov