DAVIS GARY L 4
4 · J C PENNEY CO INC · Filed Jan 6, 2004
Insider Transaction Report
Form 4
DAVIS GARY L
EVP. Chief HR & Admin. Officer
Transactions
- Sale
Common Stock of 50 cent Par Value
2004-01-02$25.99/sh−27,706$720,079→ 80,118 total - Sale
Common Stock of 50 cent Par Value
2004-01-05$26.13/sh−68,700$1,795,131→ 11,418 total
Holdings
- 3,667.453
Mirror Savings Plan
→ Common Stock - 35,862.27(indirect: By Trust)
Common Stock of 50 cent Par Value
- 330,250
Options/Right to Buy/Grant
From: 2004-02-24Exp: 2013-02-23→ Common Stock
Footnotes (4)
- [F1]Price and Expiration Dates vary based on date of options award.
- [F2]The shares covered by this Form 4 are being sold pursuant to a Rule 10b5-1 Trading Plan dated September 18, 2003, which plan is intended to comply with Rule 10b5-1; a portion of the shares sold will cover substantial withholding tax, FICA and other obligations associated with the vesting of the restricted stock award.
- [F3]Equivalent shares based on units credited under the Company's Mirror Savings Plan I, II, III.
- [F4]Equivalent shares based on units of JCPenney stock held by trustee of 401(k) plans, and assigned to my account, as of December 31, 2003, pursuant to plans. Differences in totals reported since last Form 4 or Form 5 represent units acquired by trustee since then in the ordinary course of plans' administration and reflects adjustments made to all equivalent shares in plans, divided among accounts of all participants in plans, all exempt under Rule 16b-3.