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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
RSUP18 | (3) | 03/08/2013 | A | 8,017 (4) | 03/01/2016 | 03/01/2016 | Common Stock | 8,017 | $ 40.82 | 8,017 | D | ||||
RSUP14 | (3) | 03/08/2013 | M | 4,759 (1) | 03/08/2013 | 03/08/2013 | Common Stock | 4,759 | $ 0 | 0 | D | ||||
Phantom / Retirement | (3) | (5) | (5) | Common Stock | 11,492.319 | 11,492.319 | D | ||||||||
Phantom 3/05d Retirement | (3) | (5) | (5) | Common Stock | 4,255.846 | 4,255.846 | D | ||||||||
RSUP16 | (3) | 03/04/2014 | 03/04/2014 | Common Stock | 6,130 | 6,130 | D | ||||||||
RSUP17 | (3) | 03/05/2015 | 03/05/2015 | Common Stock | 7,617 | 7,617 | D | ||||||||
Stock Options (Right to Buy) | $ 37.75 | 03/01/2015 | 02/25/2021 | Common Stock | 80,257 | 80,257 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lash James H 76 SOUTH MAIN STREET AKRON, OH 44308 |
President FE Generation |
Edward J. Udovich, POA | 03/12/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | RSUP14 award listed in Table II has been reported at 50% of the original grant amount, as that represents the minimum amount guaranteed to be paid out upon vesting. Because of the performance targets were achieved, the award was paid out on March 8, 2013 at a performance rate of 150%. The shares coded "A" represent that portion attributable to this performance adjustment. The shares coded "F" were withheld to cover income tax obligations associated with the payout. |
(2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.13 to $41.27, 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. |
(3) | 1 for 1 |
(4) | This transaction is a performance-adjusted restricted stock unit grant (RSUP18) of which 50% is reflected in table II. Of the total shares granted, 50% of the shares are subject to forfeiture if the performance goals are not met. The full grant can be adjusted upward by an additional 50% if the 3-year goals are achieved. |
(5) | This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee. |