SEC Form 4 · accession 0001140361-17-011087
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin R Ellison
Officer — Chairman and CEO · Director
Period of report
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 9:14 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 6, 2017 | A | 293,624 | $0.00 | A | 2,752,280 | 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 | $5.96 | Mar 6, 2017 | A | 597,270 | A | — | Mar 5, 2027 | Common Stock | 597,270 | 597,270 | D |
Explanation of responses
- F1Represents restricted stock units granted under the Company's 2016 Long-Term Incentive Plan.
- F2Represents grant of employee stock options under the Company's 2016 Long-Term Incentive Plan which vest one-third on March 6, 2018, one-third on March 6, 2019 and one-third on March 6, 2020.
- F3Represents current grant of stock options. Including the reported grant, Mr. Ellison beneficially owns an aggregate of 1,426,673 stock options at various exercise prices.
Remarks
*** Under continuing POA as filed with the S.E.C.