J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Nov 21, 2016
Insider Transaction Report
Form 4
Tighe John Joseph III
EVP, Chief Merchant
Transactions
- Tax Payment
Common Stock of 50 cents Par Value
2016-11-17$9.43/sh−16,340$154,086→ 256,665 total - Sale
Common Stock of 50 cents Par Value
2016-11-18$9.33/sh−38,756$361,593→ 217,909 total
Holdings
- 529.609(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (4)
- [F1]Represents shares withheld to satisfy tax withholding obligation upon vesting of time-based restricted stock units as required by the Issuer.
- [F2]Includes 200 shares that were inadvertently omitted from the reporting person's Form 3.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.30 to $9.37, inclusive. The reporting person undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Tighe's account in the Company's 401(k) plan, as of October 31, 2016. The shares of JCPenney common stock in the fund are held by the trustee of the 401(k) plan. Changes in the amount of securities beneficially owned reflect changes in the value of the fund, the number of units of participation in the fund held by all participants, and the number of units of participation held by Mr. Tighe.