SEC Form 4 · accession 0001127602-15-010582
FIRSTENERGY CORP · FE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Dowling
Officer — Sr VP, External Affairs
Period of report
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 2:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031296
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 5, 2015 | M | 3,290 | — | A | 11,670 | D | |
| Common StockF1,F2 | Mar 5, 2015 | A | 3,290 | — | A | 14,960 | D | |
| Common StockF1,F3 | Mar 5, 2015 | F | 2,179 | $34.64 | D | 12,781 | D | |
| Common StockF4 | holding | — | — | — | 1,599 | I | By Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSUP17F1,F2 | — | Mar 5, 2015 | M | 3,290 | D | Mar 5, 2015 | Mar 5, 2015 | Common Stock | 3,290 | 0 | D |
| Phantom / RetirementF6,F2,F5 | — | holding | — | — | — | — | — | Common Stock | 389 | 389 | D |
| Phantom 3/13DF6,F2 | — | holding | — | — | — | Mar 1, 2016 | Mar 1, 2016 | Common Stock | 174 | 174 | D |
| RSUP18F6,F2 | — | holding | — | — | — | Mar 1, 2016 | Mar 1, 2016 | Common Stock | 3,380 | 3,380 | D |
Explanation of responses
- F1The amount listed in Table II represents 50% of the original RSUP17 award, which was the minimum amount guaranteed to be paid out upon vesting. The award vested on March 5, 2015 and because the performance targets were achieved, the award was paid out at a performance rate of 100%. The shares coded "A" represent the portion attributable to this performance adjustment. The shares coded "F" were withheld to cover income tax obligations associated with the payout.
- F21 for 1
- F3Balance includes shares acquired through dividend reinvestment.
- F4FE's 401(k) Plan includes a unitized fund invested in FE stock, in which the reporting person may invest, which includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(k) Plan in this row is an estimate of the number of shares of FE's common stock held in the unitized stock fund and allocated to the reporting person's account as of December 31, 2014.
- F5This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
- F6Includes stock units acquired through dividend reinvestment.