SEC Form 4 · accession 0001140361-15-012736
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Laverty
Officer — EVP, CIO
Period of report
Mar 19, 2015
Accepted (ET)
Mar 19, 2015 · 8:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166126
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock of 50 cents Par ValueF1 | Mar 19, 2015 | A | 22,523 | $0.00 | A | 71,573 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option/Right to BuyF2,F3 | $7.77 | Mar 19, 2015 | A | 140,625 | A | — | Mar 18, 2025 | Common Stock | 140,625 | 140,625 | D |
Explanation of responses
- F1Represents restricted stock units granted under the Company's 2014 Long-Term Incentive Plan.
- F2Represents grant of employee stock options under the Company's 2014 Long-Term Incentive Plan which vest one-third on March 19, 2016, one-third on March 19, 2017 and one-third on March 19, 2018.
- F3Represents current grant of stock options. Including the reported grant, Mr. Laverty beneficially owned an aggregate of 271,567 stock options at various exercise prices.
Remarks
***Under POA as filed herewith. Exhibit List: Exhibit No. 24 - Power of Attorney (POA)