Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
J.C. Penney Company, Inc.
(Name of Issuer)
Common Stock, par value $0.50 per share
708160106
Joseph Macnow
Executive Vice President - Finance and
Administration and Chief Administrative Officer
Vornado Realty Trust
888 Seventh Avenue
New York, New York 10019
(212) 894-7000
Authorized to Receive Notices and Communications)
With a copy to:
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, New York 10004
(212) 558-4000
September 19, 2013
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: o
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 2 of 17 Pages |
|
1
|
Names of Reporting Persons
Vornado Realty Trust
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
WC
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Maryland
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/OO (real estate investment trust)
|
||
Page 2 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 3 of 17 Pages |
|
1
|
Names of Reporting Persons
Vornado Realty L.P.
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/PN
|
||
Page 3 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 4 of 17 Pages |
|
1
|
Names of Reporting Persons
VNO Fashion LLC
|
||
|
2
|
<
font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"> Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
OO (limited liability company)
|
||
Page 4 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 5 of 17 Pages |
|
1
|
Names of Reporting Persons
VSPS I LLC
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
OO (limited liability company)
|
||
Page 5 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 6 of 17 Pages |
|
1
|
Names of Reporting Persons
Two Penn Plaza REIT, Inc.
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
New York
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/CO
|
||
Page 6 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 7 of 17 Pages |
|
1
|
Names of Reporting Persons
Two Penn Plaza REIT JP Fashion LLC
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
OO (limited liability company)
|
||
Page 7 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 8 of 17 Pages |
|
1
|
Names of Reporting Persons
CESC H Street L.L.C.
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/OO (limited liability company)
|
||
Page 8 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 9 of 17 Pages |
|
1
|
Names of Reporting Persons
H Street Building Corporation
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/CO
|
||
Page 9 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 10 of 17 Pages |
|
1
|
Names of Reporting Persons
H Street JP Fashion LLC
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
OO (limited liability company)
|
||
Page 10 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 11 of 17 Pages |
|
1
|
Names of Reporting Persons
Vornado RTR, Inc.
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
Delaware
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
HC/CO
|
||
Page 11 of 17 Pages
|
CUSIP No. 708160106
|
13D | Page 12 of 17 Pages |
|
1
|
Names of Reporting Persons
PCJ I Inc.
|
||
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
|
||
|
3
|
SEC Use Only
|
||
|
4
|
Source of Funds (See Instructions)
AF
|
||
|
5
|
Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) o
|
||
|
6
|
Citizenship or Place of Organization
New York
|
||
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
Sole Voting Power
0
|
|
|
8
|
Shared Voting Power
0 (See Items 5 and 6)
|
||
|
9
|
Sole Dispositive Power
0
|
||
|
10
|
Shared Dispositive Power
0 (See Items 5 and 6)
|
||
|
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
0 (See Items 5 and 6)
|
||
|
12
|
|
||
|
13
|
Percent of Class Represented by Amount in Row (11)
0% (See Items 5 and 6)
|
||
|
14
|
Type of Reporting Person (See Instructions)
CO
|
||
Page 12 of 17 Pages
This Amendment No. 9 (this “Amendment”) amends and supplements the Schedule 13D filed by Vornado Realty Trust, a Maryland real estate investment trust, Vornado Realty L.P., a Delaware limited partnership, VNO Fashion LLC, a Delaware limited liability company, VSPS I LLC, a Delaware limited liability company, Two Penn Plaza REIT, Inc., a New York corporation, Two Penn Plaza REIT JP Fashion LLC, a Delaware limited liability company, CESC H Street L.L.C., a Delaware limited liability company, H Street Building Corporation, a Delaware corporation, H Street JP Fashion LLC, a Delaware limited liability company, Vornado RTR, Inc., a Delaware corporation, and PCJ I Inc., a Delaware corporation, with the Securities and Exchange Commission on October 8, 2010 and amended on November 10, 2010, January 25, 2011, February 9, 2011, February 25, 2011, September 19, 2011, October 9, 2012, March 5, 2013 and September 13, 2013 (as so amended, the “Schedule 13D”), relating to the common stock, par value $.50 per share (the “Common Shares”), of J.C. Penney Company, Inc., a Delaware corporation (the “Issuer”). All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.
|
ITEM 5.
|
INTEREST IN SECURITIES OF THE ISSUER
|
Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following information:
(a) and (b) See the rows numbered 7, 8, 9, 10, 11 and 13 on each of the cover pages to this Amendment, which are incorporated in this Item 5 by reference. As of September 20, 2013 (after giving effect to the transactions described in Item 5(c) below), the Reporting Persons beneficially own no Common Shares.
(c) On September 19, 2013, VSPS exercised its right to settle the Forward Transaction early with respect to all of the 4,815,990 underlying Common Shares, at the per share forward price.
Also on September 19, 2013, all 13.4 million Common Shares beneficially owned by the Reporting Persons were sold in a block trade to Citigroup Global Markets, Inc., at a price of $13.00 per share.
Except as disclosed herein, since the date that is 60 days before the date of this Amendment, there have been no transactions in the Common Shares effected by the Reporting Persons, nor, to the best of their knowledge, any of the persons listed on Schedule I hereto:
Page 13 of 17 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: September 20, 2013
|
VORNADO REALTY TRUST
|
||
|
By:
|
/s/ JOSEPH MACNOW
|
|
|
Name:
|
Joseph Macnow
|
|
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|
|
VORNADO REALTY L.P.
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
||
|
By:
|
/s/ JOSEPH MACNOW
|
||
|
Name:
|
Joseph Macnow
|
||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
||
|
VNO FASHION LLC
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||
|
VSPS I LLC
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||
Page 14 of 17 Pages
|
Two Penn Plaza REIT, Inc.
|
||||
|
By:
|
Vornado Realty L.P.,
its controlling shareholder
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||
|
Two Penn Plaza REIT JP Fashion LLC
|
|||||
|
By:
|
Two Penn Plaza REIT, INC.,
its sole member
|
||||
|
By:
|
Vornado Realty L.P.,
its controlling shareholder
|
||||
|
By:
|
Vornado Realty Trust,
its general partner
|
||||
|
By:
|
/s/ JOSEPH MACNOW
|
||||
|
Name:
|
Joseph Macnow
|
||||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
||||
|
CESC H Street L.L.C.
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||
Page 15 of 17 Pages
|
H Street Building Corporation
|
|||||
|
By:
|
CESC H Street L.L.C.,
its controlling shareholder
|
||||
|
By:
|
Vornado Realty L.P.,
its sole member
|
||||
|
By:
|
Vornado Realty Trust,
its general partner
|
||||
|
By:
|
/s/ JOSEPH MACNOW
|
||||
|
Name:
|
Joseph Macnow
|
||||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
||||
|
H Street JP Fashion LLC
|
||||||
|
By:
|
H Street Building Corporation,
its sole member
|
|||||
|
By:
|
CESC H Street L.L.C.,
its controlling shareholder
|
|||||
|
By:
|
Vornado Realty L.P.,
its sole member
|
|||||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||||
|
By:
|
/s/ JOSEPH MACNOW
|
|||||
|
Name:
|
Joseph Macnow
|
|||||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||||
|
Vornado RTR, Inc.
|
||||
|
By:
|
Vornado Realty L.P.,
its sole shareholder
|
|||
|
By:
|
Vornado Realty Trust,
its general partner
|
|||
|
By:
|
/s/ JOSEPH MACNOW
|
|||
|
Name:
|
Joseph Macnow
|
|||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
|||
Page 16 of 17 Pages
|
PCJ I Inc.
|
|||||
|
By:
|
Vornado RTR, Inc.,
its sole shareholder
|
||||
|
By:
|
Vornado Realty L.P.,
its sole shareholder
|
||||
|
By:
|
Vornado Realty Trust,
its general partner
|
||||
|
By:
|
/s/ JOSEPH MACNOW
|
||||
|
Name:
|
Joseph Macnow
|
||||
|
Title:
|
Executive Vice President – Finance and Administration, Chief Administrative Officer
|
||||
Page 17 of 17 Pages