ALCORN WILLIAM J 4

4 · J C PENNEY CO INC · Filed May 27, 2004

Form 4

Period: 2004-05-26

SVP, ControllerOther

Transactions

Sale
Options / Right to Buy / Grants
2004-05-26$35.01/sh−1,500$52,515→ 86,275 total
Exercise: $14.66From: 2002-02-26Exp: 2011-02-25→ Common Stock (1,500 underlying)
Sale
Options / Right to Buy / Grants
2004-05-26$35.00/sh−3,500$122,500→ 87,775 total
Exercise: $14.66From: 2002-02-26Exp: 2011-02-25→ Common Stock (3,500 underlying)
Discretionary Transaction
Common Stock of 50 cent Par Value
2004-05-25$35.47/sh−3,013.333$106,883→ 7,371.472 total(indirect: By Trust)
Discretionary Transaction
Mirror Savings Plan
2004-05-25$35.47/sh−1,346.409$47,757→ 0 total
Exercise: $35.47→ Common Stock (1,346.409 underlying)

Holdings

Common Stock of 50 cent Par Value
5,908
ESOP Convertible Preferred Stock
(indirect: By Trust)
→ Common Stock (126.393 underlying)
126.393

Footnotes (3)

[F1]Equivalent shares based on units of JCPenney stock held by trustee of 401(k) plan, and assigned to my account, as of April 30, 2004, pursuant to plan. Differences in totals reported since last Form 4 or Form 5 represent units acquired by trustee since then in the ordinary course of plan's administration and reflects adjustments made to all equivalent shares in plan, divided among accounts of all participants in plan, all exempt under Rule 16b-3. Preferred Stock convertible on a 20-for-one basis into JCPenney Common Stock.
[F2]Equivalent shares based on units credited under the Company's Mirror Savings Plan I, II, and III.
[F3]Options were exercised and shares sold on May 26. A portion of the shares sold will cover substantial withholding tax, FICA, and other obligations associated with the option exercise.

Documents

1 file