SEC Form 4 · accession 0001127602-15-010589

FIRSTENERGY CORP · FE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

James F Pearson

Officer — SVP & CFO

Period of report

Mar 5, 2015

Accepted (ET)

Mar 9, 2015 · 3:52 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 Stock^F1,F2	Mar 5, 2015	M	2,957	—	A	17,575	D
Common Stock^F1,F2	Mar 5, 2015	A	2,958	—	A	20,533	D
Common Stock^F1	Mar 5, 2015	F	1,748	$34.64	D	18,785	D
Common Stock^F3,F4	Mar 5, 2015	D	706	—	D	18,079	D
Common Stock^F5	holding	—	—		—	8,094	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
RSUP17^F1,F2	—	Mar 5, 2015	M	2,957	D	Mar 5, 2015	Mar 5, 2015	Common Stock	2,957	0	D
Phantom 3/15D^F2,F6	—	Mar 5, 2015	A	706	A	—	—	Common Stock	706	706	D
Phantom / Retirement^F8,F2,F7	—	holding	—	—	—	—	—	Common Stock	1,495	1,495	D
RSUP18^F8,F2	—	holding	—	—	—	Mar 1, 2016	Mar 1, 2016	Common Stock	7,956	7,956	D
Phantom 3/14D^F8,F2	—	holding	—	—	—	Mar 1, 2017	Mar 1, 2017	Common Stock	267	267	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
F3Upon the vesting of restricted stock units granted to the reporting person on March 5, 2012, the reporting person later made an election to defer the receipt of 706 shares of common stock and received instead 706 shares of phantom stock pursuant to the Executive Deferred Compensation Plan. As a result, the reporting person is reporting the disposition of 706 shares of common stock in exchange for an equal number of shares of phantom stock.
F4Balance includes shares acquired through dividend reinvestments.
F5FE'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.
F6This transaction reflects the vesting and deferral of RSUP17 to phantom stock.
F7This holding reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
F8Includes stock units acquired through dividend reinvestment.