X0303 4 2009-03-12 0 0001166126 J C PENNEY CO INC JCP 0001175746 HICKS KEN C C/O J. C. PENNEY COMPANY, INC. 6501 LEGACY DRIVE PLANO TX 75024 1 1 0 0 Pres./Chief Merch. Officer Common Stock of 50 cents Par Value 2009-03-12 4 F 0 1896 16.59 D 87121.002 D Common Stock of 50 cents Par Value 1594.8348 I By Trustee of 401(k) Represents shares used to satisfy tax withholding obligation upon vesting of restricted stock units granted under the Company's 2005 Equity Compensation Plan. Includes 1,537.426 restricted stock units acquired since March 22, 2008 pursuant to dividend equivalents on restricted stock unit awards. Dividend equivalents on restricted stock unit awards accrue on a quarterly basis, exempt under Rule 16a-11. Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Hicks' account in the Company's 401(k) plan as of March 1, 2009. The shares of JCPenney common stock in the fund are held by the trustee of the 401(k) plan. Changes in the amount of securities beneficially owned reflect changes in the value of the fund, the number of units of participation in the fund held by all participants, and the number of units of participation held by Mr. Hicks. *** Under continuing POA as filed with the S.E.C. ***/s/ Salil R. Virkar, attorney in fact 2009-03-13