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4//SEC Filing

ELLIOTT DOUGLAS S 4

Accession 0001127602-09-005919

CIK 0001031296other
View on SEC.govCompany Profile

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 6:14 PM ET

Size

20.7 KB

Accession

0001127602-09-005919

Insider Transaction Report

Form 4
Period: 2009-03-02
FIRSTENERGY CORPFE
ELLIOTT DOUGLAS S
Senior Vice President
Transactions
  • Conversion

    Phantom / Retirement

    2009-03-02+3,146→ 12,586.889 total
    Exercise: $1.00→ Common Stock (3,146 underlying)
  • Tax Payment

    Common Stock

    2009-03-02$42.53/sh−1,303$55,417→ 20,561.977 total
  • Conversion

    Common Stock

    2009-03-02$42.53/sh+1,798.989$76,511→ 20,627.977 total
  • Conversion

    Rsup4

    2009-03-02−1,798.989→ 0 total
    Exercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (1,798.989 underlying)
  • Award

    Common Stock

    2009-03-02$42.53/sh+1,237$52,610→ 21,864.977 total
  • Award

    RSUP12

    2009-03-02$41.41/sh+1,514$62,695→ 1,514 total
    Exercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (1,514 underlying)
  • Conversion

    Phantom 3/06d

    2009-03-02−3,146→ 0 total
    Exercise: $1.00From: 2006-03-02Exp: 2009-03-02→ Common Stock (3,146 underlying)
Holdings

  • Common Stock

    (indirect: By Trust)
    6,422.62

  • Common Stock

    (indirect: By Son)
    33.416

  • Phantom 3/05d Retirement

    Exercise: $1.00→ Common Stock (3,964.395 underlying)
    3,964.395
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]This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
  • [F4]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.
  • [F5]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Elliott in the amount of 3,028 shares, of which 50% or 1,514 shares will be payable on March 2, 2012. Of these shares, 1,514 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]These transactions reflect the extension of the expiration date of phantom stock from 3/1/2008 to "retirement" under arrangements approved by the Compensation Committee and reflect the movement of stock from the Phantom 3/05 account to the "retirement" account.

Documents

1 file

Issuer

FIRSTENERGY CORP

CIK 0001031296

→
Entity typeother

Related Parties

1
  • filerCIK 0001127118

Filing Metadata

Form type
4
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:14 PM ET
Size
20.7 KB
View on SEC.gov