Murray James M 4

Accession 0001127602-09-005916

CIK 0001031296other

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 6:10 PM ET

Size

27.5 KB

Accession

0001127602-09-005916

Form 4

Period: 2009-03-02

Pres, OH Ops

Transactions

Sale
Common Stock
2009-03-02$40.52/sh−256.542$10,395→ 0 total(indirect: By State Street)
Conversion
Common Stock
2009-03-02$42.56/sh+861$36,644→ 11,226.637 total
Tax Payment
Common Stock
2009-03-02$42.56/sh−386$16,428→ 10,840.637 total
Conversion
Common Stock
2009-03-02$42.53/sh+1,601$68,091→ 10,593.637 total
Tax Payment
Common Stock
2009-03-02$42.53/sh−1,331$56,607→ 10,365.637 total
Conversion
Rsup4
2009-03-02−1,601→ 0 total
Exercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (1,601 underlying)
Award
Common Stock
2009-03-02$42.53/sh+1,103$46,911→ 11,696.637 total
Conversion
Phantom 3/06d
2009-03-02−861→ 0 total
Exercise: $1.00From: 2006-03-01Exp: 2009-03-01→ Common Stock (861 underlying)
Award
RSUP12
2009-03-02$41.41/sh+1,446$59,879→ 1,446 total
Exercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (1,446 underlying)

Holdings

Phantom 3/09D
Exercise: $1.00From: 2009-03-01Exp: 2012-03-01→ Common Stock (868 underlying)
868
Phantom / Retirement
Exercise: $1.00→ Common Stock (916.872 underlying)
916.872
Phantom 3/07d
Exercise: $1.00From: 2007-03-01Exp: 2010-03-01→ Common Stock (436.661 underlying)
436.661
Phantom 3/08d
Exercise: $1.00From: 2008-03-01Exp: 2011-03-01→ Common Stock (418.238 underlying)
418.238
Rsup6
Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (1,608 underlying)
1,608
Rsup10
Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (1,595 underlying)
1,595

Footnotes (6)

[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]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.
[F4]This transaction was performed in accordance with a 10b5-1 Plan signed by James M. Murray on 9/29/2006.
[F5]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Murray in the amount of 2,891 shares, of which 50% or 1,446 shares will be payable on March 2, 2012. Of these shares, 1,445 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.
[F6]This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.

Documents

1 file

FIRSTENERGY CORP

CIK 0001031296

Entity typeother