J C PENNEY CO INC·4

May 24, 4:12 PM ET

CASTAGNA VANESSA J 4

4 · J C PENNEY CO INC · Filed May 24, 2004

Insider Transaction Report

Form 4
Period: 2004-05-20
CASTAGNA VANESSA J
EVP, Chairman and CEO JCPOther
Transactions
  • Tax Payment

    Common Stock of 50 cent Par Value

    2004-05-20$34.33/sh6,613$227,02471,457.5 total
Holdings
  • PSU Dividend Equivalent Rights

    Common Stock (1,000 underlying)
    1,000
  • Common Stock of 50 cent Par Value

    (indirect: By Trust)
    2,156.661
  • Options / Right to Buy / Grant

    Common Stock (410,250 underlying)
    410,250
Footnotes (4)
  • [F1]This transaction is reportable under Rule 16b-3(e). 25,000 shares of Restricted Stock vested. Of the acquired shares, 6,613 were used to satisfy tax withholding. Of the 18,387 remaining, 35% or 6,435 are not owned by the reporting person and are being transferred under a divorce decree dated September 2002.
  • [F2]Equivalent shares based on units of JCPenney stock held by trustee of 401(k) plan, and assigned to my account, as of 04/30/2004, pursuant to plan. Differences in totals since last Form 4 or Form 5 represent units acquired by trustee since then in the ordinary course of plan's administration and reflects adjustments made to all equivalent shares in plan, divided among accounts of all participants in plan, all exempt under Rule 16b-3.
  • [F3]Phantom Stock Units previously acquired and reported.
  • [F4]Price and Expiration Dates vary based on date of options award.

Documents

1 file
  • 4
    castagnaform4may24_ex.xmlPrimary