Sec Form 4 Filing - MARSH RICHARD H @ FIRSTENERGY CORP - 2009-03-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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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1. Name and Address of Reporting Person
MARSH RICHARD H
2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. Vice Pres. & Chief Fin. Of
(Last) (First) (Middle)
76 SOUTH MAIN STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/02/2009
(Street)
AKRON, OH44308
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/02/2009 C 4,905.999 ( 2 ) A $ 42.53 9,539.974 D
Common Stock 03/02/2009 A 3,377 ( 2 ) A $ 42.53 12,916.974 D
Common Stock 03/02/2009 F 4,010 ( 2 ) D $ 42.53 8,906.974 D
Common Stock 205.638 I By Savings Plan Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Rsup4 $ 1 ( 1 ) 03/02/2009 C 4,905.999 ( 2 ) 03/01/2009 03/01/2009 Common Stock 4,905.999 $ 0 0 D
Phantom 3/06d $ 1 ( 1 ) 03/02/2009 C 3,919 ( 4 ) 03/02/2006 03/02/2009 Common Stock 3,919 $ 0 0 D
Phantom / Retirement $ 1 ( 1 ) 03/02/2009 C 3,919 ( 4 ) ( 3 ) ( 3 ) Common Stock 3,919 $ 0 16,859.376 D
RSUP12 $ 1 ( 1 ) 03/02/2009 A 5,348 ( 5 ) 03/02/2012 03/02/2012 Common Stock 5,348 $ 41.41 5,348 D
Phantom 3/05d Retirement $ 1 ( 1 ) ( 6 ) ( 6 ) Common Stock 5,564.045 5,564.045 D
Phantom 3/07d $ 1 ( 1 ) 03/01/2007 03/01/2010 Common Stock 11,251.445 11,251.445 D
Rsud5 $ 1 ( 1 ) 03/01/2011 03/01/2011 Common Stock 4,014.973 4,014.973 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MARSH RICHARD H
76 SOUTH MAIN STREET
AKRON, OH44308
Sr. Vice Pres. & Chief Fin. Of
Signatures
Edward J. Udovich, POA 03/04/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )1 for 1
( 2 )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.
( 3 )This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
( 4 )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.
( 5 )On February 17, 2009,the Board approved a March 2, 2009 performance-adjusted restricted stock unit grant to Mr. Marsh in the amount of 10,695 shares, of which 50% or 5,348 shares will be payable on March 2, 2012. Of these shares, 5,347 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.
( 6 )These transactions reflect the extension of the expiration date of phantom stock from 3/1/2008 to "retirement" under arrangements approved by the Compensation Committee and reflect the movement of stock from the Phantom 3/05 account to the "retirement" account.

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