SEC Form 4 · accession 0001140361-15-021557
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janet Link
Officer — EVP, General Counsel
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 4:17 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 | May 20, 2015 | A | 15,878 | $0.00 | A | 59,966 | 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 | $8.66 | May 20, 2015 | A | 38,624 | A | — | May 19, 2025 | Common Stock | 38,624 | 38,624 | D |
Explanation of responses
- F1Represents restricted stock units granted under the Company's 2014 Long-Term Incentive Plan, which vest on May 20, 2018.
- F2Represents grant of employee stock options under the Company's 2014 Long-Term Incentive Plan which vest one-third on May 20, 2016, one-third on May 20, 2017 and one-third on May 20, 2018.
- F3Represents current grant of stock options. Including the reported grant, Ms. Link beneficially owns an aggregate of 59,931 stock options at various exercise prices.
Remarks
*** Under continuing POA as filed with the S.E.C.