J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Nov 16, 2011
Insider Transaction Report
Form 4
Dastugue Michael
EVP, Chief Financial Officer
Transactions
- Award
Common Stock of 50 cents Par Value
2011-11-16+56,022→ 86,359.118 total
Holdings
- 2,747.842(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (3)
- [F1]Represents restricted stock units granted under the Company's 2009 Long-Term Incentive Plan. The restricted stock units will vest on May 16, 2013.
- [F2]Includes 307.40 restricted stock units acquired since March 16, 2011 pursuant to dividend equivalents on restricted stock unit awards. Dividend equivalents on restricted stock unit awards accrue on a quarterly basis, exempt under Rule 16a-11.
- [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 November 1, 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.