filings.toolsItem 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
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Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The Item 403 of Regulation S-K information required by Item 12 is incorporated herein by reference to FirstEnergy's 2020 Proxy Statement to be filed with the SEC pursuant to Regulation 14A under the Securities Exchange Act of 1934.
The following table contains information as of December 31, 2019, regarding compensation plans for which shares of FE common stock may be issued.
| Plan category | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in First Column) | ||||||||
| Equity compensation plans approved by security holders | 4,316,337 | (1) | $ | 37.75 | (2) | 3,947,410 | (3) | ||||
| Equity compensation plans not approved by security holders(4) | — | N/A | — | ||||||||
| Total | 4,316,337 | $ | 37.75 | 3,947,410 |
(1) Represents shares of common stock that could be issued upon exercise of outstanding options granted under the ICP 2007 and ICP 2015. This number also includes 1,930,139 shares subject to outstanding awards of stock based RSUs granted under the ICP 2015 if paid at target for the three outstanding cycles, as well as 1,930,139 additional shares assuming maximum performance metrics are achieved for the 2017-2019, 2018-2020 and 2019-2021 cycles of stock based RSUs, 2,883 outstanding FE Amended and Restated EDCP related shares to be paid in stock and 372,919 shares related to the FE DCPD that will be paid in stock. Not reflected in the table are 21,282 shares related to the AYE Director's Plan and AYE DCD that will be paid in stock per the election of the recipient.
(2) Only FirstEnergy options were included in the calculation for determining the weighted-average exercise price.
(3) Represents shares available for issuance, assuming maximum performance metrics are achieved (or approximately 5,877,549 available assuming performance at target) for the 2017-2019, 2018-2020, and 2019-2021 cycles of stock-based RSUs, with respect to future awards under the ICP 2015 and future accruals of dividends on awards outstanding under ICP 2015. Additional shares may become available under the ICP 2015 due to cancellations, forfeitures, cash settlements or other similar circumstances with respect to outstanding awards. In addition, nominal amounts of shares may be issued in the future under the AYE Director's Plan and AYE DCD to cover future dividends that may accrue on amounts previously deferred and payable in stock, but new awards are no longer being granted under the Allegheny plans or the ICP 2007.
(4) All equity compensation plans have been approved by security holders.
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