ALCORN WILLIAM J 4
4 · J C PENNEY CO INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
ALCORN WILLIAM J
SVP, ControllerOther
Transactions
- Sale
Options / Right to Buy / Grants
2004-12-14$40.22/sh−10,000$402,200→ 76,275 totalExercise: $14.66From: 2002-02-26Exp: 2011-02-25→ Common Stock (10,000 underlying)
Holdings
- 5,908
Common Stock of 50 cent Par Value
- 10,025.411(indirect: By Trust)
Common Stock of 50 cent Par Value
Footnotes (2)
- [F1]Equivalent shares based on units of JCPenney stock held by trustee of 401(k) plan, and assigned to my account, as of November 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.
- [F2]Options were exercised and shares sold on December 14. A portion of the shares sold will cover substantial withholding tax, FICA, and other obligations associated with the option exercise.