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Wednesday, 09/07/2016 1:43:06 PM

Wednesday, September 07, 2016 1:43:06 PM

Post# of 43522
JCP Directors taking stock at 9.44 instead of cash.

Explanation of Responses:

(1) The reporting person received JCPenney common stock pursuant to the 2016 Long-Term Incentive Plan in lieu of cash for his services as a director.

(2) Based on the closing price of JCPenney common stock on the date of issuance.  


http://ih.advfn.com/p.php?pid=nmona&article=72369939

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