SEC Form 4 · accession 0001140361-15-012743
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Myron E Ullman III
Officer — Chief Executive Officer · Director
Period of report
Mar 19, 2015
Accepted (ET)
Mar 19, 2015 · 8:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166126
Table I — non-derivative securities
No Table I lines on this filing.
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 BuyF1,F2 | $7.77 | Mar 19, 2015 | A | 948,276 | A | — | Mar 18, 2025 | Common Stock | 948,276 | 948,276 | D |
Explanation of responses
- F1Represents grant of employee stock options under the Company's 2014 Long-Term Incentive Plan which vest on March 19, 2016.
- F2Represents current grant of stock options. Including the reported grant, Mr. Ullman beneficially owned an aggregate of 2,597,360 stock options at various exercise prices.
Remarks
*** Under continuing POA as filed with the S.E.C.