Kleisner Theodore J 4
4 · FIRSTENERGY CORP · Filed Nov 16, 2012
Insider Transaction Report
Form 4
Kleisner Theodore J
Director
Transactions
- Award
Phantom Stock Units
2012-11-14$41.76/sh+731$30,523→ 2,789.073 total(indirect: By State Street)→ Common Stock (731 underlying)
Holdings
- 8,103.4
Phantom Stock Units
→ Common Stock (8,103.4 underlying) - 458.629
Phantom Stock
→ Common Stock (458.629 underlying) - 11,339
Common Stock
Footnotes (6)
- [F1]Upon completion of the merger pursuant to which Element Merger Sub, Inc., a wholly owned subsidiary of FirstEnergy Corp. ("FirstEnergy"), merged with and into Allegheny Energy, Inc. ("Allegheny Energy") with Allegheny Energy becoming a wholly owned subsidiary of FirstEnergy (the "Merger"), FirstEnergy issued to Allegheny Energy stockholders 0.667 of a share of FirstEnergy common stock for each share of Allegheny Energy common stock held prior to the merger. On the effective date of the Merger, the closing price of FirstEnergy's common stock was $37.75.
- [F2]1 for 1
- [F3]In accordance with the terms and conditions of the FirstEnergy Corp. Compensation Plan for Outside Directors.
- [F4]Each share of phantom stock is the economic equivalent of one share of FirstEnergy Corp. common stock.
- [F5]The phantom stock units were converted upon the FirstEnergy Corp./Allegheny, Inc., merger based on an exchange ratio of 0.667 of a share of FirstEnergy Corp. common stock for each share of Allegheny Energy Inc., common stock and are payable in cash upon separation/termination from FirstEnergy Corp. Board.
- [F6]Represents shares underlying deferred share units deferred under the Allegheny Energy, Inc. Amended and Restated Revised Plan for Deferral of Compensation of Directors.