CAVANAUGH ROBERT B 4
4 · J C PENNEY CO INC · Filed Mar 24, 2009
Insider Transaction Report
Form 4
CAVANAUGH ROBERT B
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock of 50 cents Par Value
2009-03-22$17.25/sh−1,753$30,239→ 22,545.218 total
Holdings
- 5,748.386(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (2)
- [F1]Represents shares used to satisfy tax withholding obligation upon vesting of 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 16, 2009. 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.