SEC Form 4 · accession 0001140361-15-024127
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Drexler
Officer — SVP, CAO and Controller
Period of report
Jun 11, 2015
Accepted (ET)
Jun 12, 2015 · 4:19 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 | Jun 11, 2015 | A | 31,437 | $0.00 | A | 31,437 | 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 | $8.35 | Jun 11, 2015 | A | 78,358 | A | — | Jun 10, 2025 | Common Stock | 78,358 | 78,358 | D |
Explanation of responses
- F1Represents restricted stock units granted in connection with the commencement of Mr. Drexler's employment, which vest one-third on June 11, 2016, one-third on June 11, 2017 and one-third on June 11, 2018.
- F2Represents grant of employee stock options in connection with the commencement of Mr. Drexler's employment, which vest one-third on June 11, 2016, one-third on June 11, 2017 and one-third on June 11, 2018.
Remarks
*** Under continuing POA as filed with the S.E.C.