SEC Form 4 · accession 0001140361-18-014456
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 19, 2018
Accepted (ET)
Mar 21, 2018 · 4:35 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 | Mar 19, 2018 | F | 85,461 | $3.09 | D | 3,064,153 | D | |
| Common Stock of 50 cents Par ValueF2 | Mar 19, 2018 | F | 218,666 | $3.09 | D | 2,845,487 | D |
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 granted under the Company's 2014 Long-Term Incentive Plan as required by the Issuer. These shares were not sold by the reporting person in the open market.
- F2Represents shares withheld to satisfy tax withholding obligation upon vesting of performance-based restricted stock units granted under the Company's 2014 Long-Term Incentive Plan as required by the Issuer. These shares were not sold by the reporting person in the open market.
Remarks
*** Under continuing POA as filed with the S.E.C.