J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Jan 3, 2014
Insider Transaction Report
Form 4
FOSTER KENT B
Director
Transactions
- Discretionary Transaction
Phantom Stock Units
2014-01-01$9.15/sh−783.289$7,167→ 21,946.279 total→ Common Stock (783.289 underlying)
Footnotes (2)
- [F1]Each phantom stock unit entitles the reporting person to receive, on the applicable payment date, the cash value of one share of jcpenney common stock.
- [F2]On January 1, 2014, Mr. Foster received an annual cash payment from his phantom stock unit account under the Company's Deferred Compensation Plan for Directors.