J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Mar 26, 2007
Insider Transaction Report
Form 4
CAVANAUGH ROBERT B
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock of 50 cent Par Value
2007-03-22$81.45/sh−1,962$159,805→ 17,046 total
Holdings
- 5,360.787(indirect: By Trust)
Common Stock of 50 cent Par Value
Footnotes (2)
- [F1]Represents shares used to satisfy tax withholding obligation upon vesting of earned performance-based restricted stock units granted under the Company?s 2005 Equity Compensation Plan.
- [F2]Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Cavanaugh's account in the Company?s 401(k) plan, as of March 19, 2007. The shares of JCPenney common stock in the fund are held by the trustee of the 401(k) plan. Changes in the amount of securities beneficially owned reflect changes in the value of the fund, the number of units of participation in the fund held by all participants, and the number of units of participation held by Mr. Cavanaugh.