MORGAN STEPHEN E 4
4 · FIRSTENERGY CORP · Filed Mar 4, 2009
Insider Transaction Report
Form 4
MORGAN STEPHEN E
President
Transactions
- Conversion
Common Stock
2009-03-02$42.53/sh+1,940$82,508→ 10,991.421 total - Award
Common Stock
2009-03-02$42.53/sh+1,334$56,735→ 12,325.421 total - Tax Payment
Common Stock
2009-03-02$42.53/sh−1,527$64,943→ 10,798.421 total - Sale
Common Stock
2009-03-02$40.52/sh−409.038$16,574→ 0 total(indirect: By Savings Plan) - Conversion
Rsup4
2009-03-02−1,940→ 0 totalExercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (1,940 underlying) - Award
RSUP12
2009-03-02$41.41/sh+1,583$65,552→ 1,583 totalExercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (1,583 underlying)
Holdings
- 1,748
Rsup10
Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (1,748 underlying) - 1,881
Rsup6
Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (1,881 underlying)
Footnotes (4)
- [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 directives set forth in a 10b5-1 Plan signed by Stephen Morgan on 4/9/2007.
- [F4]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Morgan in the amount of 3,166 shares, of which 50% or 1,583 shares will be payable on March 2, 2012. Of these shares, 1,583 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.