J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Dec 7, 2011
Insider Transaction Report
Form 4
Kramer Michael W
Chief Operating Officer
Transactions
- Award
Common Stock of 50 cents Par Value
2011-12-05+119,332→ 119,332 total - Award
Common Stock of 50 cents Par Value
2011-12-05+750,000→ 869,332 total
Footnotes (2)
- [F1]Represents restricted stock units granted in connection with the commencement of Mr. Kramer's employment. The restricted stock units will vest one-third on December 5, 2012, one-third on December 5, 2013, and one-third on December 5, 2014.
- [F2]Represents restricted stock units granted in connection with the commencement of Mr. Kramer's employment. The restricted stock units will vest one-third on December 5, 2015, one-third on December 5, 2016, and one-third on December 5, 2017.