CASTAGNA VANESSA J 4
4 · J C PENNEY CO INC · Filed Aug 4, 2004
Insider Transaction Report
Form 4
CASTAGNA VANESSA J
EVP, Chairman and CEO JCPOther
Transactions
- Tax Payment
Common Stock of 50 cent Par Value
2004-08-02$40.05/sh−3,792$151,870→ 68,993.5 total - Sale
Options / Right to Buy / Grant
2004-08-04$14.66/sh−25,000$366,500→ 385,250 totalExercise: $39.36From: 2002-02-26Exp: 2011-02-25→ Common Stock (25,000 underlying)
Holdings
- 1,000
PSU Dividend Equivalent Rights
→ Common Stock (1,000 underlying) - 2,158.449(indirect: By Trust)
Common Stock of 50 cent Par Value
Footnotes (3)
- [F1]This transaction is reportable under Rule 16b-3(e). 14,333 shares of Restricted Stock vested. Of the acquired shares, 3,792 were used to satisfy tax withholding. Of the 10,541 remaining, 35% or 3,689 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 08/1/2004, 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.