4//SEC Filing
J C PENNEY CO INC 4
Accession 0001140361-14-013882
CIK 0001166126operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 6:38 AM ET
Size
7.8 KB
Accession
0001140361-14-013882
Insider Transaction Report
Form 4
Laverty David S
EVP, CIO
Transactions
- Award
Employee stock option/Right to Buy
2014-03-20+90,909→ 90,909 totalExercise: $8.36Exp: 2024-03-19→ Common Stock (90,909 underlying) - Award
Common Stock of 50 cents Par Value
2014-03-20+41,866→ 49,050 total
Footnotes (3)
- [F1]Represents restricted stock units granted under the Company's 2012 Long-Term Incentive Plan. The restricted stock units will vest one-third on March 20, 2015, one-third on March 20, 2016 and one-third on March 20, 2017.
- [F2]Represents grant of performance-contingent employee stock options under the Company's 2012 Long-Term Incentive Plan. Stock price must appreciate by at least 50% over the Grant Price for a period of 20 consecutive trading days at any time within four years of the grant date. Options are also subject to time-based vesting requirements over four years and will vest in full only if performance metric is achieved at any time within four years of the grant date. If performance metric is not achieved prior to the fourth anniversary of the grant date, all options will be cancelled.
- [F3]Represents current grant of stock options. Including the reported grant, Mr. Laverty beneficially owned an aggregate of 130,942 stock options at various exercise prices.
Documents
Issuer
J C PENNEY CO INC
CIK 0001166126
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001166126
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 6:38 AM ET
- Size
- 7.8 KB