0001181431-11-014088.txt : 20110301
0001181431-11-014088.hdr.sgml : 20110301
20110301174002
ACCESSION NUMBER: 0001181431-11-014088
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110225
FILED AS OF DATE: 20110301
DATE AS OF CHANGE: 20110301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FREIDHEIM CYRUS F JR
CENTRAL INDEX KEY: 0001190901
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00267
FILM NUMBER: 11653304
MAIL ADDRESS:
STREET 1: C/O SITEL CORPORATION
STREET 2: 7277 WORLD COMMUNICATIONS DRIVE
CITY: OMAHA
STATE: NE
ZIP: 68122
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ALLEGHENY ENERGY, INC
CENTRAL INDEX KEY: 0000003673
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 135531602
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 800 CABIN HILL DRIVE
CITY: GREENSBURG
STATE: PA
ZIP: 15601
BUSINESS PHONE: 7248373000
MAIL ADDRESS:
STREET 1: 800 CABIN HILL DRIVE
CITY: GREENSBURG
STATE: PA
ZIP: 15601
FORMER COMPANY:
FORMER CONFORMED NAME: ALLEGHENY ENERGY INC
DATE OF NAME CHANGE: 19970926
FORMER COMPANY:
FORMER CONFORMED NAME: ALLEGHENY POWER SYSTEM INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: WEST PENN ELECTRIC CO
DATE OF NAME CHANGE: 19660908
4
1
rrd303504.xml
FORM 4 - FREIDHEIM
X0303
4
2011-02-25
1
0000003673
ALLEGHENY ENERGY, INC
AYE
0001190901
FREIDHEIM CYRUS F JR
C/O ALLEGHENY ENERGY, INC.
800 CABIN HILL DRIVE
GREENSBURG
PA
15601
1
0
0
0
Common Stock, par value $1.25 per share
2011-02-25
4
D
0
34769.091
D
0
D
Phantom Stock
2011-02-25
4
A
0
1219.508
D
Common Stock
1219.508
0
D
Disposed of pursuant to the merger (the "Merger") of Allegheny Energy, Inc. ("Allegheny") with a subsidiary of FirstEnergy Corp. ("FirstEnergy") in exchange for 23,190 shares of the common stock, par value $0.10 per share, of FirstEnergy ("First Energy Common Stock") having a market value, based on the closing price of a share of FirstEnergy Common Stock on the New York Stock Exchange ("NYSE") on the effective date of the Merger (the "Merger Effective Date"), of $37.75 per share.
Under Allegheny's Revised Plan for Deferral of Compensation of Directors, non-employee members of Allegheny's Board of Directors (the "Board") could elect to defer receipt of all or a part of the cash portion of the director fees to which they became entitled in connection with their service on the Board and could opt to invest all or a portion of any such deferred amounts into a phantom stock fund maintained by Allegheny. Mr. Freidheim opted to defer certain of such cash compensation payable to him and to invest such deferred amounts in Allegheny's phantom stock fund.
Each unit of phantom stock represented the economic equivalent of one share of Allegheny's common stock, par value $1.25 per share ("Allegheny Common Stock") and became payable in cash upon the termination of Mr. Freidheim's service on the Board on the Merger Effective Date in an amount based on the average of the high and low prices of a share of Allegheny Common Stock on the NYSE on the Merger Effective Date of $25.145 per share.
/s/ Amanda J. Skov, Attorney-in-Fact
2011-03-01