SEC Form 4 · accession 0001567619-19-006339
J C PENNEY CO INC · JCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle Wlazlo
Officer — EVP, Chief Merchant
Period of report
Mar 5, 2019
Accepted (ET)
Mar 6, 2019 · 6:30 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 5, 2019 | A | 297,619 | $0.00 | A | 297,619 | D | |
| Common Stock of 50 cents Par ValueF2 | Mar 6, 2019 | A | 242,424 | $0.00 | A | 540,043 | 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 BuyF3 | $1.65 | Mar 6, 2019 | A | 400,000 | A | — | Mar 5, 2029 | Common Stock | 400,000 | 400,000 | D |
Explanation of responses
- F1Represents restricted stock units granted under the Company's 2018 Long-Term Incentive Plan.
- F2Represents restricted stock units granted in connection with the commencement of Ms. Wlazlo's employment which vest 100% on March 5, 2022.
- F3Represents grant of employee stock options under the Company's 2018 Long-Term Incentive Plan which vest one-third on March 6, 2020, one-third on March 6, 2021 and one-third on March 6, 2022.
Remarks
*** Under continuing POA as filed with the S.E.C.