J. C. Penney Company, Inc.: J. C. Penney Company, Inc. Grants Previously Disclosed Equity Inducement Award to Edward Record

   J. C. Penney Company, Inc.: J. C. Penney Company, Inc. Grants Previously               Disclosed Equity Inducement Award to Edward Record  PLANO, Texas - (May 21, 2014) - In accordance with the New York Stock Exchange rules regarding equity inducement  awards, J. C.  Penney Company, Inc.  (NYSE:  JCP) announced that  on May 20,  2014, an equity  inducement award of  223,964  restricted stock  units (RSUs)  was granted  to Edward  Record, the  Company's  Executive Vice President and Chief  Financial Officer, in connection with  the  commencement of his employment. The Company previously disclosed these awards in connection with the announcement of Mr. Record's appointment in February.  The RSUs will  vest in thirds  on the first,  second and third  anniversaries,  respectively, of  the grant  date, provided  Mr. Record  remains  continuously  employed with the Company through those  dates. The award fully vests if  Mr.  Record is terminated for  any reason other than  cause, and if his  employment  terminates in certain cases within two years following a change of control  at  the Company.  Media Relations: (972) 431-3400 or jcpnews@jcp.com  Investor Relations: (972) 431-5500 or jcpinvestorrelations@jcpenney.com  About JCPenney: J. C. Penney Company,  Inc. (NYSE: JCP), one  of the nation's largest  apparel  and home furnishing  retailers, is dedicated  to becoming America's  preferred  retail  destination   for  unmatched   style,   quality  and   value.   Across  approximately 1,100 stores  and at  jcpenney.com, customers  will discover  an  inspiring shopping environment that features the most sought after  collection  of  private,  national  and  exclusive   brands  and  attractions.  For   more  information, please visit jcpenney.com.  ------------------------------------------------------------------------------  This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: J. C. Penney Company, Inc. via Globenewswire HUG#1787858  
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