FOSTER KENT B 4
4 · J C PENNEY CO INC · Filed Sep 6, 2012
Insider Transaction Report
Form 4
FOSTER KENT B
Director
Transactions
- Award
Phantom Stock Units
2012-09-04$26.08/sh+862.73$22,500→ 15,687.29 total→ Common Stock (862.73 underlying)
Footnotes (2)
- [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.