J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Aug 28, 2014
Insider Transaction Report
Form 4
Dhillon Janet
EVP, General Counsel and Sec.
Transactions
- Award
Common Stock of 50 cents Par Value
2014-08-26+73,099→ 317,048.963 total - Tax Payment
Common Stock of 50 cents Par Value
2014-08-26$10.80/sh−4,998$53,978→ 312,050.963 total
Footnotes (2)
- [F1]Represents earn-out of previously awarded performance-based restricted stock units granted under the Company's 2012 Long-Term Incentive Plan. The earned restricted stock units are subject to time-based vesting requirements with one-fourth of the units vesting on August 26, 2014, one-fourth on January 23, 2015, one-fourth on July 23, 2015 and one-fourth on January 23, 2016.
- [F2]Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock units granted under the Company's 2012 Long-Term Incentive Plan.