J C PENNEY CO INC 4

4 · J C PENNEY CO INC · Filed Mar 15, 2012

Form 4

Period: 2012-03-13

EVP, Chief Financial Officer

Transactions

Award
Common Stock of 50 cents Par Value
2012-03-13+16,609→ 103,468.125 total
Award
Employee stock option/Right to Buy
2012-03-13+53,510→ 53,510 total
Exercise: $37.63Exp: 2022-03-12→ Common Stock (53,510 underlying)

Holdings

Footnotes (5)

[F1]Represents restricted stock units granted under the Company's 2009 Long-Term Incentive Plan. The restricted stock units will fully vest on March 13, 2015.
[F2]Includes 408.819 restricted stock units acquired since November 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 16, 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.
[F4]Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan which vest one-third on March 13, 2013, one-third on March 13, 2014, and one-third on March 13, 2015.
[F5]Represents current grant of stock options. Including the reported grant, Mr. Dastugue beneficially owns an aggregate of 317,535 stock options at various exercise prices.

Documents

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