4//SEC Filing
Wahl William F 4
Accession 0001181431-11-014075
CIK 0000003673other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:37 PM ET
Size
21.9 KB
Accession
0001181431-11-014075
Insider Transaction Report
Form 4
Wahl William F
VP, Controller & CAO
Transactions
- Disposition to Issuer
Employee stock options (right to buy)
2011-02-25−12,262→ 0 totalExercise: $23.64Exp: 2019-02-27→ Common Stock (12,262 underlying) - Award
Restricted Stock Units
2011-02-25−8,814.42→ 8,814.42 total→ Common Stock (8,814.42 underlying) - Disposition to Issuer
Common Stock, par value $1.25 per share
2011-02-25−3,543→ 0 total - Disposition to Issuer
Employee stock options (right to buy)
2011-02-25−10,000→ 0 totalExercise: $13.35Exp: 2014-02-18→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee stock options (right to buy)
2011-02-25−5,473→ 0 totalExercise: $53.67Exp: 2018-02-22→ Common Stock (5,473 underlying) - Disposition to Issuer
Common Stock, par value $1.25 per share
2011-02-25−2,303.401→ 0 total(indirect: ESOSP) - Disposition to Issuer
Employee stock options (right to buy)
2011-02-25−5,000→ 0 totalExercise: $55.20Exp: 2017-05-18→ Common Stock (5,000 underlying) - Disposition to Issuer
Restricted Stock Units
2011-02-25−8,814.42→ 0 total→ Common Stock (8,814.42 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to the merger (the "Merger") of Allegheny Energy, Inc. ("Allegheny") with a subsidiary of FirstEnergy Corp. ("FirstEnergy") in exchange for 2,363 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 on the effective date of the Merger, of $37.75 per share.
- [F2]Upon the effectiveness of the Merger, the shares of the common stock, par value $1.25 per share, of Allegheny ("Allegheny Common Stock") that Mr. Wahl held indirectly through the Allegheny Energy, Inc. Employee Stock Ownership and Savings Plan were disposed of in exchange for 1,536 shares of FirstEnergy Common Stock.
- [F3]These employee stock options, which originally were granted under Allegheny's 1998 Long Term Incentive Plan, became fully vested on September 28, 2010 in connection with approval of the Merger by Allegheny's stockholders. Simultaneously with the closing of the Merger on February 25, 2011, each option converted to an option to purchase 0.667 shares of FirstEnergy Common Stock at an exercise price of $20.01 per share.
- [F4]These employee stock options, which originally were granted under Allegheny's 1998 Long Term Incentive Plan, became fully vested on September 28, 2010 in connection with approval of the Merger by Allegheny's stockholders. Simultaneously with the closing of the Merger on February 25, 2011, each option converted to an option to purchase 0.667 shares of FirstEnergy Common Stock at an exercise price of $82.76 per share.
- [F5]These employee stock options, which originally were granted under Allegheny's 1998 Long Term Incentive Plan, became fully vested on September 28, 2010 in connection with approval of the Merger by Allegheny's stockholders. Simultaneously with the closing of the Merger on February 25, 2011, each option converted to an option to purchase 0.667 shares of FirstEnergy Common Stock at an exercise price of $80.46 per share.
- [F6]These employee stock options, which originally were granted under Allegheny's 2008 Long Term Incentive Plan, became fully vested on September 28, 2010 in connection with approval of the Merger by Allegheny's stockholders. Simultaneously with the closing of the Merger on February 25, 2011, each option converted to an option to purchase 0.667 shares of FirstEnergy Common Stock at an exercise price of $35.44 per share.
- [F7]Mr. Wahl received a grant of performance shares in 2010 that, by its terms, would have resulted in the issuance to Mr. Wahl, in March 2013, of up to 15,726 shares of Allegheny Common Stock, based on the achievement of corporate performance goals in 2010, 2011 and 2012. Based on certain performance criteria now deemed to have been satisfied in connection with the Merger and the conversion of the performance shares to restricted stock units, Mr. Wahl became entitled to receive 8,814.42 restricted stock units, each representing the right to one share of Allegheny Common Stock, which immediately thereafter, converted to 5,879.22 restricted stock units, each representing the right to one share of FirstEnergy Common Stock, to be issued to Mr. Wahl within 30 days following the termination of his employment as a result of the Merger.
Documents
Issuer
ALLEGHENY ENERGY, INC
CIK 0000003673
Entity typeother
Related Parties
1- filerCIK 0001400191
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:37 PM ET
- Size
- 21.9 KB