Okay so our starting point is - 1,260 feet 
 
Now it is descending (-) 5 ft per minute for 12 minutes 
 
So we multiply -5 (negative because it is descending) by 12 
 
-5 x 12 = -60 
 
So now we add -60 to -1,260 
 
This would be -1,320 
 
So the submarine's new position in relation to the sea level is -1,320 
 
Hope this helped. Have a great day!