FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/03/2008 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/03/2008 | A | 688(1) | A | $68.52 | 17,089 | D | |||
Common Stock | 03/03/2008 | M(1) | 2,303 | A | $68.52 | 19,392 | D | |||
Common Stock | 03/03/2008 | F | 1,427(1) | D | $68.52 | 17,965 | D | |||
Common Stock | 03/03/2008 | 03/03/2008 | S(2) | 98 | D | $66.8 | 0 | I | By Savings Plan |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom 3/07D | $1 | 02/22/2007 | 03/01/2010 | Common Stock | 4,330.067 | 4,330.067 | D | ||||||||
Phantom 3/08D | $1 | 03/01/2008 | 03/01/2011 | Common Stock | 4,345 | 4,345 | D | ||||||||
RSUP1 | $1 | 03/03/2008 | M | 2,303(1) | 03/01/2008 | 03/01/2008 | Common Stock | 2,303 | $68.52 | 0 | D | ||||
RSUP10 | $1(3) | 03/03/2008 | 03/03/2008 | A | 4,986(4) | 03/03/2011 | 03/03/2011 | Common Stock | 4,986 | $66.81 | 4,986 | D | |||
RSUP4 | $1 | 03/01/2009 | 03/01/2009 | Common Stock | 2,022 | 2,022 | D | ||||||||
RSUP6 | $1 | 03/01/2010 | 03/01/2010 | Common Stock | 4,524.747 | 4,524.747 | D | ||||||||
Stock Options (Right to buy) | $38.76 | 03/01/2005 | 03/01/2014 | Common Stock | 4,725 | 4,725 | D |
Explanation of Responses: |
1. The RSUP1 award listed in Table II has been reported at 75% of the original grant amount, as that represents the minimum amount guaranteed to be paid out upon vesting. Because of performance targets achieved, the award was paid out on March 3, 2008, at a performance-adjusted rate of 125%. The shares coded "A" represent that portion attributable to this performance adjustment. The shares coded "F" were sold to cover income tax obligations associated with the payout. |
2. This transaction was performed in accordance with a 10b5-1 Plan signed by Joseph J. Hagan on 4/6/2007. |
3. 1 for 1 |
4. On February 19, 2008 the Board approved a March 3, 2008 performance-adjusted restricted stock unit grant to Mr. Hagan in the amount of 6,648 shares, of which 75% or 4,986 shares will be payable on March 3, 2011. 1,662 shares are subject to forfeiture if the performance goals are not met. The full grant can be adjusted upward by an additional 25% if the 3-year goals are achieved. |
Edward J. Udovich, POA | 03/04/2008 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |