J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Jan 31, 2012
Insider Transaction Report
Form 4
JOHNSON RONALD B
Director
Transactions
- Tax Payment
Common Stock of 50 cents Par Value
2012-01-27$41.42/sh−777,248$32,193,612→ 892,978.913 total
Footnotes (2)
- [F1]Represents shares used solely to satisfy tax withholding obligation upon vesting of time-based restricted stock units granted to Mr. Johnson upon commencement of his employment with the Company in replacement of equity awards granted to him by his previous employer that would have vested in March 2012. Mr. Johnson continues to hold the remaining 892,978.913 vested shares from his award as an investment in the Company.
- [F2]Includes 9,648.913 shares representing dividend equivalents.