J C PENNEY CO INC 4
4 · J C PENNEY CO INC · Filed Mar 1, 2017
Insider Transaction Report
Form 4
Tighe John Joseph III
EVP, Chief Merchant
Transactions
- Award
Common Stock of 50 cents Par Value
2017-02-28+12,684→ 230,593 total
Holdings
- 530.265(indirect: By Trust)
Common Stock of 50 cents Par Value
Footnotes (2)
- [F1]Represents earn-out of 2016 portion of previously awarded performance-based restricted stock units granted under the Company's 2014 Long-Term Incentive Plan. The earned restricted stock units are subject to time-based vesting and will fully vest and be distributed to the reporting person on March 19, 2018.
- [F2]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 January 31, 2017. 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.