J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Mar 31, 2014
Insider Transaction Report
Form 4
RECORD EDWARD J
EVP, CFO
Transactions
- Award
Employee stock option/Right to Buy
2014-03-27+184,729→ 184,729 totalExercise: $8.97Exp: 2024-03-26→ Common Stock (184,729 underlying) - Award
Common Stock of 50 cents Par Value
2014-03-27+83,612→ 83,612 total
Footnotes (2)
- [F1]Represents restricted stock units granted under the Company's 2012 Long-Term Incentive Plan. The restricted stock units will vest 100% on March 27, 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.