FOSTER KENT B 4
4 · J C PENNEY CO INC · Filed Dec 2, 2011
Insider Transaction Report
Form 4
FOSTER KENT B
Director
Transactions
- Award
Phantom Stock Units
2011-12-01$32.04/sh+702.247$22,500→ 14,032.966 total→ Common Stock (702.247 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]Includes dividends, which accrue on a quarterly basis under the Company's Deferred Compensation Plan for Directors, exempt under Rule 16a-11.