SEC Form 4 · accession 0001127602-16-070631
FIRSTENERGY CORP · FE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R Schneider
Officer — President, FE Solutions
Period of report
Dec 20, 2016
Accepted (ET)
Dec 21, 2016 · 10:36 am EST
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 StockF2 | Dec 20, 2016 | S | 6,525 | $31.3605 | D | 22,485 | D | |
| Common StockF3 | holding | — | — | — | 1,832 | I | Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction reflects the number of shares sold pursuant to the terms of the Restricted Stock Award Agreement and in accordance with the FirstEnergy Corp. Executive and Director Incentive Compensation Plan, as amended, to satisfy the reporting person's tax withholding obligation upon the vesting of 13,519.102 shares of restricted common stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.33 to $31.38, 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.
- F3FE'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 7, 2016.
Remarks
Exhibit 24: Power of Attorney (attached)