FOSTER KENT B 4
4 · J C PENNEY CO INC · Filed Jan 3, 2012
Insider Transaction Report
Form 4
FOSTER KENT B
Director
Transactions
- Discretionary Transaction
Phantom Stock Units
2012-01-01$35.15/sh−775.237$27,250→ 13,257.729 total→ Common Stock (775.237 underlying)
Footnotes (3)
- [F1]Each phantom stock unit entitles the reporting person to receive, on the applicable payment date, the cash value of one share of JCPenney common stock.
- [F2]On January 1, 2012, Mr. Foster received an annual cash payment from his phantom stock unit account under the Company's Deferred Compensation Plan for Directors.
- [F3]Includes dividends, which accrue on a quarterly basis under the Company's Deferred Compensation Plan for Directors, exempt under Rule 16a-11.