FIRSTENERGY CORP|4Mar 1, 9:54 PM ET

EVANSON PAUL J 4

4 · FIRSTENERGY CORP · Filed Mar 1, 2011

Form 4

Period: 2011-02-25

Executive Vice Chairman

Transactions

Award
Common Stock
2011-02-25+986,453→ 986,453 total
Award
Stock Options (Right to Buy)
2011-02-25+177,754→ 177,754 total
Exercise: $80.47From: 2010-09-28Exp: 2018-02-22→ Common Stock (177,754 underlying)
Award
Stock Options (Right to Buy)
2011-02-25+100,050→ 100,050 total
Exercise: $20.02From: 2010-09-28Exp: 2014-02-18→ Common Stock (100,050 underlying)
Award
Common Stock
2011-02-25+564→ 564 total(indirect: Savings Plan)
Award
Restricted Stock Units
2011-02-25+348,063→ 348,063 total
From: 2011-02-25Exp: 2012-12-31→ Common Stock (348,063 underlying)
Award
Stock Options (Right to Buy)
2011-02-25+388,544→ 388,544 total
Exercise: $35.45From: 2010-09-28Exp: 2019-02-27→ Common Stock (388,544 underlying)

Footnotes (5)

[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 Engergy, 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]Held through the Allegheny Energy, Inc. Employee Stock Ownership and Savings Plan.
[F3]Received in the Merger in exchange for employee stock options to acquire shares of Allegheny Energy Common Stock.
[F4]Each Restricted Stock Unit represents a contingent right to receive one share of FirstEnergy Common Stock.
[F5]Received in the Merger in exchange for employee performance shares to acquire shares of Allegheny Energy Common Stock, based on an exchange ratio of 0.667 of a share of FirstEnergy Common Stock for each share of Allegheny Energy common stock.

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