J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Mar 17, 2011
Insider Transaction Report
Form 4
Dastugue Michael
EVP, Chief Financial Officer
Transactions
- Award
Common Stock of 50 cents Par Value
2011-03-15+8,543→ 31,226.906 total - Award
Employee stock option/Right to Buy
2011-03-15+54,825→ 54,825 totalExercise: $36.58Exp: 2021-03-14→ Common Stock (54,825 underlying)
Holdings
- 2,700(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (4)
- [F1]Represents restricted stock units granted under the Company's 2009 Long-Term Incentive Plan. The restricted stock units will vest one-third on March 15, 2012, one-third on March 15, 2013 and one-third on March 15, 2014.
- [F2]Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Dastugue's account in the Company's 401(k) plan, as of February 28, 2011. 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. Dastugue.
- [F3]Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan which vest one-third on March 15, 2012, one-third on March 15, 2013, and one-third on March 15, 2014.
- [F4]Represents current grant of stock options. Including the reported grant, Mr. Dastugue beneficially owns an aggregate of 264,025 stock options at various exercise prices.