-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EOXCE4em7Q+JX09/3udac3Y0ntXNxcmzRnW2sm0tNlXEc8ffk9vQWlTPNIwxBY3e vGSqUHE6bZZmQ4w55LtCJg== 0001127602-09-005909.txt : 20090304 0001127602-09-005909.hdr.sgml : 20090304 20090304180043 ACCESSION NUMBER: 0001127602-09-005909 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090302 FILED AS OF DATE: 20090304 DATE AS OF CHANGE: 20090304 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WELSH THOMAS M CENTRAL INDEX KEY: 0001278878 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 333-21011 FILM NUMBER: 09656701 BUSINESS ADDRESS: BUSINESS PHONE: 3307614264 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN ST CITY: AKRON STATE: OH ZIP: 44308 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTENERGY CORP CENTRAL INDEX KEY: 0001031296 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 341843785 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN ST CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN ST CITY: AKRON STATE: OH ZIP: 44308-1890 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2009-03-02 0001031296 FIRSTENERGY CORP FE 0001278878 WELSH THOMAS M 76 SOUTH MAIN STREET AKRON OH 44308 1 Senior Vice President Common Stock 2009-03-02 4 C 0 1406.609 42.53 A 13058.286 D Common Stock 2009-03-02 4 A 0 966 42.53 A 14024.286 D Common Stock 2009-03-02 4 F 0 1175 42.53 D 12849.286 D Common Stock 2009-03-02 4 F 0 5159 42.53 D 7690.286 D Common Stock 2009-03-02 4 S 0 1347.4967 40.52 D 0 I Savings Plan Common Stock 1 I By Jeff Welsh (son) Common Stock 1 I By Thomas Welsh (son) Rsup4 1.00 2009-03-02 4 C 0 1406.609 0 D 2009-03-01 2009-03-01 Common Stock 1406.609 0 D Phantom 3/06d 1.00 2009-03-02 4 C 0 1299 0 D 2006-03-02 2009-03-02 Common Stock 1299 0 D Phantom / Retirement 1.00 2009-03-02 4 C 0 1299 0 A Common Stock 1299 1887.063 D RSUP12 1.00 2009-03-02 4 A 0 1402 41.41 A 2012-03-02 2012-03-02 Common Stock 1402 1402 D Phantom 3/07d 1.00 2007-03-01 2010-03-01 Common Stock 363.4 363.4 D Rsup10 1.00 2011-03-03 2011-03-03 Common Stock 1557 1557 D Rsup6 1.00 2010-03-01 2010-03-01 Common Stock 1619 1619 D 1 for 1 The RSUP4 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 2, 2009, 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. This transaction reflects the sale of shares for taxes associated with the lapse of restricted stock, in accordance with a 10b5-1 Plan signed by Thomas M. Welsh on May 30, 2007. This transaction was performed in accordance with a 10b5-1 Plan signed by Thomas M. Welsh on 5/30/2007. This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee. These transactions reflect the extension of the expiration date of phantom stock from 3/1/2009 to "retirement" under arrangements approved by the Compensation Committee and reflect the movement of stock from the Phantom 3/06D account to the "retirement" account. On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Welsh in the amount of 2,804 shares, of which 50% or 1,402 shares will be payable on March 2, 2012. Of these shares, 1,402 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. Edward J. Udovich, POA 2009-03-04 -----END PRIVACY-ENHANCED MESSAGE-----