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4//SEC Filing

Luff David C 4

Accession 0001127602-09-005922

CIK 0001031296other
View on SEC.govCompany Profile

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 6:21 PM ET

Size

21.6 KB

Accession

0001127602-09-005922

Insider Transaction Report

Form 4
Period: 2009-03-02
FIRSTENERGY CORPFE
Luff David C
Senior Vice President
Transactions
  • Conversion

    Common Stock

    2009-03-02$42.53/sh+1,546$65,751→ 26,157.396 total
  • Award

    Common Stock

    2009-03-02$42.53/sh+1,064$45,252→ 27,221.396 total
  • Tax Payment

    Common Stock

    2009-03-02$42.53/sh−1,278$54,353→ 25,943.396 total
  • Tax Payment

    Common Stock

    2009-03-02$42.53/sh−7,445$316,636→ 18,498.396 total
  • Conversion

    Rsup4

    2009-03-02−1,546→ 0 total
    Exercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (1,546 underlying)
  • Award

    RSUP12

    2009-03-02$41.41/sh+2,396$99,218→ 2,396 total
    Exercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (2,396 underlying)
Holdings

  • Phantom / Retirement

    Exercise: $1.00→ Common Stock (415.713 underlying)
    415.713

  • Phantom 3/07d

    Exercise: $1.00From: 2007-03-01Exp: 2010-03-01→ Common Stock (337.457 underlying)
    337.457

  • Common Stock

    (indirect: By State Street)
    4,430.773

  • Rsud2

    Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (1,023 underlying)
    1,023

  • Rsup10

    Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (2,659 underlying)
    2,659

  • Rsup6

    Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (2,336 underlying)
    2,336
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 reflects the sale of shares for taxes associated with the lapse of restricted stock, in accordance with a 10b5-1 Plan signed by David C. Luff on 3/30/06.
  • [F4]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Luff in the amount of 4,792 shares, of which 50% or 2,396 shares will be payable on March 2, 2012. Of these shares, 2,396 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.
  • [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.

Documents

1 file

Issuer

FIRSTENERGY CORP

CIK 0001031296

→
Entity typeother

Related Parties

1
  • filerCIK 0001348383

Filing Metadata

Form type
4
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:21 PM ET
Size
21.6 KB
View on SEC.gov