GRIGG RICHARD R 4
4 · FIRSTENERGY CORP · Filed Mar 4, 2009
Insider Transaction Report
Form 4
GRIGG RICHARD R
Exec VP & Pres. FE Utilities
Transactions
- Conversion
Common Stock
2009-03-02$42.53/sh+12,204.75$519,068→ 33,389.802 total - Award
Common Stock
2009-03-02$42.53/sh+8,399$357,209→ 41,788.802 total - Conversion
Rsup4
2009-03-02−12,204.75→ 0 totalExercise: $1.00From: 2009-03-01Exp: 2009-03-01→ Common Stock (12,204.75 underlying) - Tax Payment
Common Stock
2009-03-02$42.53/sh−9,974$424,194→ 31,814.802 total - Award
RSUP12
2009-03-02$41.41/sh+7,788$322,501→ 7,788 totalExercise: $1.00From: 2012-03-02Exp: 2012-03-02→ Common Stock (7,788 underlying)
Holdings
- 569.059(indirect: By Savings Plan)
Common Stock
- 8,706
Rsup10
Exercise: $1.00From: 2011-03-03Exp: 2011-03-03→ Common Stock (8,706 underlying) - 11,213.25
Rsup6
Exercise: $1.00From: 2010-03-01Exp: 2010-03-01→ Common Stock (11,213.25 underlying) - 54,759
Stock Options (Right to Buy)
Exercise: $39.46From: 2005-08-20Exp: 2014-08-20→ Common Stock (54,759 underlying) - 15,991
Rsup9
Exercise: $1.00From: 2010-06-30Exp: 2010-06-30→ Common Stock (15,991 underlying)
Footnotes (3)
- [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]On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Grigg in the amount of 15,576 shares, of which 50% or 7,788 shares will be payable on March 2, 2012. Of these shares, 7,788 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.