Byrd William D 4

Accession 0001127602-09-005915

CIK 0001031296other

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 6:06 PM ET

Size

29.8 KB

Accession

0001127602-09-005915

Form 4

Period: 2009-03-02

Vice President

Transactions

Conversion
Common Stock
2009-03-02$42.53/sh+870$37,001→ 1,348.358 total
Tax Payment
Common Stock
2009-03-02$42.53/sh−695$29,558→ 1,252.358 total
Conversion
Common Stock
2009-03-02$42.56/sh+2,118$90,142→ 3,370.358 total
Award
Common Stock
2009-03-02$42.53/sh+599$25,475→ 1,947.358 total
Conversion
Rsup4
2009-03-02−870→ 0 total
Exercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (870 underlying)
Conversion
Phantom 3/06d
2009-03-02−2,118→ 0 total
Exercise: $1.00From: 2006-03-02Exp: 2009-03-02→ Common Stock (2,118 underlying)
Award
RSUP12
2009-03-02$41.41/sh+690$28,573→ 690 total
Exercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (690 underlying)
Sale
Common Stock
2009-03-02$40.52/sh−251.011$10,171→ 0 total(indirect: By Savings Plan)
Tax Payment
Common Stock
2009-03-02$42.56/sh−904$38,474→ 2,466.358 total

Holdings

Stock Options (Right to Buy)
Exercise: $38.76From: 2005-03-01Exp: 2014-03-01→ Common Stock (2,700 underlying)
2,700
Phantom 3/07d
Exercise: $1.00From: 2007-03-01Exp: 2010-03-01→ Common Stock (2,546.819 underlying)
2,546.819
Phantom 3/08d
Exercise: $1.00From: 2008-03-01Exp: 2011-03-01→ Common Stock (2,510.137 underlying)
2,510.137
Rsud5
Exercise: $1.00From: 2011-03-01Exp: 2011-03-01→ Common Stock (218.041 underlying)
218.041
Rsup6
Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (722 underlying)
722
Rsud2
Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (682 underlying)
682
Rsud7
Exercise: $1.00From: 2012-03-01Exp: 2012-03-01→ Common Stock (297 underlying)
297
Rsup10
Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (770 underlying)
770

Footnotes (5)

[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 was performed in accordance with a 10b5-1 Plan signed by William D. Byrd on 11/28/2007.
[F4]These transactions reflect the conversion of stock originally deferred for three years, and held in the Phantom 3/06D account, to directly-held common stock. Shares were sold to cover income tax obligations.
[F5]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Byrd in the amount of 1,380 shares, of which 50% or 690 shares will be payable on March 2, 2012. Of these shares, 690 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

FIRSTENERGY CORP

CIK 0001031296

Entity typeother