Insider Trades - CAVANAUGH ROBERT B

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CAVANAUGH ROBERT B: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
PENNEY J C CO HOLDIN Officer NYSE:JCP (historical quotes, profile, SEC, other insiders)	22-Mar-09	22,545	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
22-Mar-09 1,753 JCP Disposition (Non Open Market) at $17.25 per share.
(Value of $30,239)
12-Mar-09 830 JCP Disposition (Non Open Market) at $16.59 per share.
(Value of $13,769)
22-Mar-08 1,699 JCP Disposition (Non Open Market) at $42.12 per share.
(Value of $71,561)
12-Mar-08 9,113 JCP Acquisition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
22-Mar-09	1,753	JCP	Disposition (Non Open Market) at $17.25 per share. (Value of $30,239)
12-Mar-09	830	JCP	Disposition (Non Open Market) at $16.59 per share. (Value of $13,769)
22-Mar-08	1,699	JCP	Disposition (Non Open Market) at $42.12 per share. (Value of $71,561)
12-Mar-08	9,113	JCP	Acquisition (Non Open Market) at $0 per share.