SEC Form 4 · accession 0001127602-15-016025
FIRSTENERGY CORP · FE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony J Alexander
Officer — Executive Chairman · Director
Period of report
Apr 30, 2015
Accepted (ET)
May 4, 2015 · 4:28 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 | Apr 30, 2015 | M | 49,184 | — | A | 582,924 | D | |
| Common StockF1 | Apr 30, 2015 | D | 49,184 | $35.91 | D | 533,740 | D | |
| Common StockF3,F4 | May 4, 2015 | S | 54,436 | $36.8545 | D | 479,304 | D | |
| Common StockF5,F6 | holding | — | — | — | 409 | I | By Child's Savings Plan | |
| Common StockF6 | holding | — | — | — | 110,874 | I | By Children | |
| Common StockF5 | holding | — | — | — | 37,260 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom / RetirementF1,F7,F8 | — | Apr 30, 2015 | M | 49,184 | D | Apr 30, 2015 | Apr 30, 2015 | Common Stock | 49,184 | 0 | D |
Explanation of responses
- F1Each phantom stock unit was the economic equivalent of one share of FE common stock. This transaction reflects the settlement of the phantom stock units, which are payable in cash following the reporting person's conclusion of employment with FE under the FirstEnergy Corp. Executive Deferred Compensation Plan.
- F2This transaction reflects the number of Common Shares sold pursuant to the terms of the Restricted Stock Award Agreement, and in accordance with the FirstEnergy Corp. 2007 Incentive Plan, as amended, to satisfy the reporting person's tax withholding obligation upon the vesting of 116,006.999 restricted Common Shares.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.76 to $36.95, inclusive. The reporting person undertakes to provide to FirstEnergy Corp., any security holder of FirstEnergy Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4Balance includes restricted stock 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 March 31, 2015.
- F6The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F71 for 1
- F8Includes stock units acquired through dividend reinvestment.