SEC Form 4 · accession 0001140361-16-056752
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
Mar 3, 2016
Accepted (ET)
Mar 7, 2016 · 4:39 pm EST
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 3, 2016 | A | 8,072 | $0.00 | A | 39,509 | 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 | $10.84 | Mar 3, 2016 | A | 17,500 | A | — | Mar 2, 2026 | Common Stock | 17,500 | 17,500 | 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 3, 2017, one-third on March 3, 2018 and one-third on March 3, 2019.
- F3Represents current grant of stock options. Including the reported grant, Mr. Drexler beneficially owns an aggregate of 95,858 stock options at various exercise prices.
Remarks
*** Under continuing POA as filed with the S.E.C.