SEC Form 4 · accession 0001140361-17-011096

J C PENNEY CO INC · JCP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Chief Merchant

Period of report

Mar 6, 2017

Accepted (ET)

Mar 8, 2017 · 9:20 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 Value^F1	Mar 6, 2017	A	41,946	$0.00	A	272,539	D
Common Stock of 50 cents Par Value^F2	holding	—	—		—	539	I	By Trustee of 401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee stock option/Right to Buy^F3,F4	$5.96	Mar 6, 2017	A	85,324	A	—	Mar 5, 2027	Common Stock	85,324	85,324	D

F1Represents restricted stock units granted under the Company's 2016 Long-Term Incentive Plan.
F2Represents 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 February 28, 2017. 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.
F3Represents 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.
F4Represents current grant of stock options. Including the reported grant, Mr. Tighe beneficially owns an aggregate of 404,208 stock options at various exercise prices.

*** Under continuing POA as filed with the S.E.C.