SEC Form 4 · accession 0001127602-17-010228
FIRSTENERGY CORP · FE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Taylor K.
Officer — VP, Controller & CAO
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:56 pm 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 StockF1,F2,F3 | Mar 1, 2017 | M | 14,358 | — | A | 21,991 | D | |
| Common StockF4,F3 | Mar 1, 2017 | D | 13,698 | — | D | 8,293 | D | |
| Common StockF1,F3 | Mar 1, 2017 | F | 660 | $31.74 | D | 7,633 | D | |
| Common StockF5 | holding | — | — | — | 2,206 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSUP19F1,F2,F6 | — | Mar 1, 2017 | M | 14,358 | D | — | — | Common Stock | 14,358 | 0 | D |
| Phantom 3/17DF4,F6,F7 | — | Mar 1, 2017 | A | 13,698 | A | — | — | Common Stock | 13,698 | 15,155 | D |
Explanation of responses
- F1The amount listed in Table II represents the vesting of the RSUP19 award. The award vested on March 1, 2017. The shares coded "F" were automatically withheld to cover income tax obligations associated with the payout. Amounts also include dividend reinvestment.
- F21 for 1. The RSUP19 award was previously granted for $0.00 consideration under the FirstEnergy Corp. 2007 Incentive Plan.
- F3Balance includes shares acquired through dividend reinvestment.
- F4This transaction reflects the deferral of the RSUP19 award. As a result, the reporting person is reporting the disposition of shares of common stock in exchange for an equal number of shares of phantom stock. The phantom stock becomes payable in cash upon retirement or other termination of employment under arrangements approved by the Compensation Committee.
- F5FE's 401(k) Savings Plan includes a unitized fund invested in FE stock, in which the reporting person may invest, and 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 January 31, 2017.
- F61 for 1
- F7This holding reflects phantom stock payable in cash upon retirement or other termination of employment under the FirstEnergy Corp. Executive Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock.