J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Jun 5, 2007
Insider Transaction Report
Form 4
CLARK MAXINE
Director
Transactions
- Award
Common Stock of 50 cents Par Value
2007-06-01$81.99/sh+110$9,019→ 12,029.434 total - Award
Phantom Stock Units
2007-06-01$80.48/sh+112.606$9,063→ 2,293.384 total→ Common Stock (112.606 underlying)
Footnotes (5)
- [F1]The reporting person received JCPenney common stock, pursuant to the 2005 Equity Compensation Plan, in lieu of cash for her services as a director.
- [F2]Based on the closing price of JCPenney common stock on the date of issuance.
- [F3]Phantom stock units acquired in connection with deferral of cash received for services as a director into the Company's Deferred Compensation Plan for Directors. Conversion is one-for-one.
- [F4]Under the Company's Deferred Compensation Plan for Directors, the number of units acquired is based on the closing price of JCPenney common stock on the last trading day prior to the date of deferral.
- [F5]Includes dividends, which accrue on a quarterly basis under the Company's Deferred Compensation Plan for Directors, exempt under Rule 16a-11.