SEC Form 4 · accession 0001140361-16-087428
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Joseph Tighe III
Officer — EVP, Chief Merchant
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 4:56 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,F2 | Nov 17, 2016 | F | 16,340 | $9.43 | D | 256,665 | D | |
| Common Stock of 50 cents Par ValueF3 | Nov 18, 2016 | S | 38,756 | $9.33 | D | 217,909 | D | |
| Common Stock of 50 cents Par ValueF4 | holding | — | — | — | 530 | I | By Trustee of 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares withheld to satisfy tax withholding obligation upon vesting of time-based restricted stock units as required by the Issuer.
- F2Includes 200 shares that were inadvertently omitted from the reporting person's Form 3.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.30 to $9.37, inclusive. The reporting person undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Tighe's account in the Company's 401(k) plan, as of October 31, 2016. The shares of JCPenney common stock in the fund are held by the trustee of the 401(k) plan. Changes in the amount of securities beneficially owned reflect changes in the value of the fund, the number of units of participation in the fund held by all participants, and the number of units of participation held by Mr. Tighe.
Remarks
*** Under continuing POA as filed with the S.E.C.