Edgar Filing: JONES CHARLES E

Ownership Submission

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 OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

JONES CHARLES E

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)
President, FE Solutions Corp.

(Last)

(First)

(Middle)

76 SOUTH MAIN STREET

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2008

(Street)

AKRON, OH 44308

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/03/2008	03/03/2008	M		8,625	A	$ 38.76	63,295	D
Common Stock	03/03/2008		M		1,354.367	A	$ 67.59	64,649.367	D
Common Stock	03/03/2008		A		2,591 ⁽¹⁾	A	$ 68.52	67,240.367	D
Common Stock	03/03/2008		M		3,808.761 ⁽¹⁾	A	$ 68.52	71,049.128	D
Common Stock	03/03/2008	03/03/2008	S		8,625	D	$ 66.52	62,424.128	D
Common Stock	03/03/2008		F		2,797 ⁽¹⁾	D	$ 68.52	59,627.128	D
Common Stock								11,140.503	I	by Savings Plan
Common Stock								5,985.171 ⁽²⁾	I	By Wife's Savings Plan

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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 (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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom / Retirement

$ 1 ⁽³⁾

03/03/2008

1,354.367 ⁽⁴⁾

⁽⁵⁾

Common Stock

1,354.367

$ 67.59

3,327.91

Phantom 3/05D

$ 1

03/03/2008

1,354.367

02/25/2005

03/01/2008

Common Stock

1,354.367

$ 67.59

383.777

Phantom 3/06D

$ 1

03/02/2006

03/02/2009

Common Stock

3,182.291

RSUP1

$ 1

03/03/2008

3,808.761

03/01/2008

Common Stock

3,808.761

$ 68.52

RSUP10

$ 1 ⁽³⁾

03/03/2008

5,043 ⁽⁶⁾

03/03/2011

Common Stock

5,043

$ 66.81

5,043

RSUP4

$ 1

03/01/2009

Common Stock

3,549.698

RSUP6

$ 1

03/01/2010

Common Stock

4,920.128

Stock Options (Right to buy)

$ 38.76

03/03/2008

8,625

03/01/2008

03/01/2014

Common Stock

8,625 ⁽⁷⁾

$ 38.76

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
JONES CHARLES E 76 SOUTH MAIN STREET AKRON, OH 44308			President, FE Solutions Corp.

Signatures

Edward J. Udovich, POA		03/04/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(5)	This transaction reflects the extension and vesting of phantom stock to retirement or other termination of employment under arrangements approved by the Compensation Committee.
(3)	1 for 1
(4)	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.
(2)	Kimberly Jones resigned from the company; as such, the following awards and share amounts were forfeited and reduced to zero: RSUD2 (243.741 shares); RSUD5 (76.55 shares); RSUP1 (604.51); RSUP4 (489.763); RSUP6 (386); and Stock Options - Right to Buy - $38.76 (1,700). However, her Savings Plans shares are not impacted by her resignation.
(6)	On February 19, 2008 the Board approved a March 3, 2008 performance-adjusted restricted stock unit grant to Mr. Jones in the amount of 6,724 shares, of which 75% or 5,043 shares will be payable on March 3, 2011. 1,681 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.
(7)	This transaction was performed in accordance with a 10b5-1 Plan signed by Charles Jones on 6/21/2005.
(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.

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