J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Mar 18, 2011
Insider Transaction Report
Form 4
Dastugue Michael
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock of 50 cents Par Value
2011-03-16$36.15/sh−443$16,014→ 30,120.906 total - Tax Payment
Common Stock of 50 cents Par Value
2011-03-16$36.15/sh−663$23,967→ 30,563.906 total
Holdings
- 2,700(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (3)
- [F1]Represents shares used to satisfy tax withholding obligation upon vesting of performance-based restricted stock units granted under the Company's 2009 Long-Term Incentive Plan.
- [F2]Represents shares used to satisfy tax withholding obligation upon vesting of time-based restricted stock units granted under the Company's 2009 Long-Term Incentive Plan.
- [F3]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.