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<div> <div><!-- 2.0.3706.15792 --><div><!-- body --><div>
<p style="margin: 13.5pt 0in 0pt;"><b>14) <u>Stock-Based Compensation</u></b></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">At our Annual Meeting of Stockholders on May 15, 2009, our stockholders approved the J. C Penney Company, Inc. 2009 Long-Term Incentive Plan (2009 Plan), reserving 13.1 million shares for future grants (8.5 million newly authorized shares, plus up to 4.6 million reserved but unissued shares from our prior 2005 Equity Compensation Plan (2005 Plan)).<font class="_mt"> In addition, shares underlying any outstanding stock award or stock option grant canceled prior to vesting or exercise become available for use under the 2009 Plan.<font class="_mt"> The 2005 Plan was terminated on May 15, 2009, except for outstanding awards.<font class="_mt"> Subsequent awards have been and will be granted under the 2009 Plan.</font></font></font></font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">The 2009 Plan allows for grants of stock options, stock appreciation rights and stock awards (collectively, Equity Awards) and cash incentive awards (together, Awards) to employees (associates) and Equity Awards to our non-employee members of the Board of Directors.<font class="_mt"> Under the Plan, Awards to associates are subject to such conditions as continued employment, qualifying termination, passage of time and/or satisfaction of performance criteria as specified in the Plan or set by the Human Resources and Compensation Committee of the Board.<font class="_mt"> As of January 30, 2010, 14.2 million shares of stock were available for future grant under the 2009 Plan, which includes approximately 1.3 million shares from awards cancelled subsequent to May 15, 2009.<font class="_mt"> </font></font></font></font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">Associate stock options and restricted stock awards typically vest over periods ranging from one to three years. The exercise price of stock options and the market value of restricted stock awards are determined based on the closing market price of our common stock on the date of grant. The 2009 Plan does not permit awarding stock options below grant-date market value nor does it allow any repricing subsequent to the date of grant. Associate stock options have a maximum term of 10 years.</font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">Over the past three years, our stock option and restricted stock award grants have averaged about 1.8% of total outstanding stock. We issue new shares upon the exercise of stock options, granting of restricted shares and vesting of restricted stock units.</font></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 7.5pt;"> </font></p>
<p style="margin: 0in 0in 0pt;"><b><i>Stock-Based Compensation Cost</i></b></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 9pt;"> </font></p>
<div align="center">
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
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<p style="margin: 0in 0in 0.75pt;"><i><font class="_mt" style="font-size: 10pt;">($ in millions)</font></i></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2009</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
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<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2008</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2007</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Stock options</font></p>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> <font class="_mt"> 28<font class="_mt"> </font></font></font></font></font></p>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 29<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 23<font class="_mt"> </font></font></font></font></p>
</td>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Stock awards (shares and units)</font></p>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 12<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 18<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 22<font class="_mt"> </font></font></font></font></font></p>
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<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Total stock-based compensation cost</font></p>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;">$ <font class="_mt"> <font class="_mt"> 40<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$ <font class="_mt"> <font class="_mt"> 47<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$ <font class="_mt"> <font class="_mt"> 45<font class="_mt"> </font></font></font></font></p>
</td>
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<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Total income tax benefit recognized for stock-based compensation arrangements</font></p>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 15<font class="_mt"> </font></font></font></font></p>
</td>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 18<font class="_mt"> </font></font></font></font></p>
</td>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 18<font class="_mt"> </font></font></font></font></p>
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<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
</tr>
</table>
</div>
<p style="margin: 13.5pt 0in 0pt;"><b><i>Stock Options</i></b></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 10pt;">On March 16, 2009, we made our annual grant of stock options covering approximately 3,873,000 shares to associates at an option price of $16.09, with a fair value of $6.27 per option.</font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">As of January 30, 2010, options to purchase approximately 13.6 million shares of common stock were outstanding. If all options were exercised, common stock outstanding would increase by 5.7%. Additional information regarding options outstanding as of January 30, 2010 follows:</font></p>
<p style="margin: 9pt 0in 0pt;"><i><font class="_mt" style="font-size: 10pt;">(Shares in thousands; price is weighted-average exercise price)</font></i></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 3pt;"> </font></p>
<div align="center">
<table class="MsoNormalTable" style="width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 85pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="113">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 10pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="13">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 10pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="13">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 39pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="52">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" colspan="3">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Exercisable</font></b></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" colspan="3">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Unexercisable</font></b></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" colspan="3">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Total Outstanding</font></b></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Shares</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">%</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Price</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Shares</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">%</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Price</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Shares</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">%</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Price</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">In-the-money</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 588<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 8%</font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> 19<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 4,244<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 65%</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> 16<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 4,832<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 36%</font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> 16<font class="_mt"> </font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Out-of-the-money<sup>(1)</sup></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 6,465<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 92%</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 49<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 2,264<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 35%</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 44<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 8,729<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 64%</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 48<font class="_mt"> </font></font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Total options<br />
outstanding</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 7,053<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 100%</font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 47<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 6,508<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 100%</font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 25<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 13,561<font class="_mt"> </font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> 100%</font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 39.0pt decimal 41.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 36<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
</table>
</div>
<p style="margin: 9pt 0in 0pt;"><i><font class="_mt" style="font-size: 10pt;">(1) Out-of-the-money options are those with an exercise price above the closing price of JCPenney common stock of $24.83 as of January 30, 2010.</font></i></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">The following table summarizes stock options outstanding as of January 30, 2010, as well as activity during the year then ended:</font></p>
<div align="center">
<table class="MsoNormalTable" style="width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 2.45in; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="235">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 82.15pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="110">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 80.8pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="108">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 83.85pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="112">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 80.8pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="108">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Shares</font></b> <i><font class="_mt" style="font-size: 10pt;">(in<br />
thousands)</font></i></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Weighted-<br />
Average</font></b><br />
<b><font class="_mt" style="font-size: 10pt;">Exercise Price</font></b><br />
<b><font class="_mt" style="font-size: 10pt;">Per Share</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Weighted-<br />
Average<br />
Remaining<br />
Contractual<br />
Term </font></b><i><font class="_mt" style="font-size: 10pt;">(in years)</font></i></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Aggregate<br />
Intrinsic<br />
Value </font></b><i><font class="_mt" style="font-size: 10pt;">($ in<br />
millions)</font></i><i><sup><font class="_mt" style="font-size: 7.5pt;">(1)</font></sup></i></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Outstanding at January 31, 2009</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 11,862<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 42</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Granted</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 3,882<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 16<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Exercised</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> (199)</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 24</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Forfeited/canceled</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> (1,984)</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 33<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Outstanding at January 30, 2010</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 13,561<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 36<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 73.0pt decimal 75.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 6.9<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 42<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Exercisable at January 30, 2010</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 7,053<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 47<font class="_mt"> </font></font></font></font></p>
</td>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 73.0pt decimal 75.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 5.1<font class="_mt"> </font></font></font></font></p>
</td>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 70.0pt decimal 1.0in;"><font class="_mt" style="font-size: 10pt;">$ <font class="_mt"> <font class="_mt"> 4<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
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<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
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</table>
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<p style="margin: 9pt 0in 0pt;"><i><font class="_mt" style="font-size: 10pt;">(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at year end.</font></i></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 7.5pt;"> </font></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 10pt;">Cash proceeds, tax benefits and intrinsic value related to total stock options exercised are provided in the following table:</font></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 9pt;"> </font></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="122">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
</tr>
<tr>
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<p style="margin: 0in 0in 0.75pt;"><i><font class="_mt" style="font-size: 10pt;">($ in millions)</font></i></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2009</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2008</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2007</font></b></p>
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<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Proceeds from stock options exercised</font></p>
</td>
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<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;">$ <font class="_mt"> <font class="_mt"> 4</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 4<font class="_mt"> </font></font></font></font></p>
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<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 45<font class="_mt"> </font></font></font></font></p>
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<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 211.2pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="282">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Intrinsic value of stock options exercised</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 1<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 2<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 47<font class="_mt"> </font></font></font></font></p>
</td>
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<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 211.2pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="282">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Tax benefit related to stock-based compensation</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 2<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 2<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 18<font class="_mt"> </font></font></font></font></p>
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<tr>
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<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Excess tax benefits realized on stock-based compensation</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="122" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> -</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 1<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 17<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
</table>
</div>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">As of January 30, 2010, we had $34 million of unrecognized and unearned compensation expense, net of estimated forfeitures, for stock options not yet vested, which will be recognized as expense over the remaining weighted-average vesting period of approximately one year.</font></p>
<b><i><font class="_mt" style="font-size: 12pt; font-family: 'Times New Roman';"><br style="page-break-before: always;" clear="all" /></font></i></b>
<p style="margin: 13.5pt 0in 0pt;"><b><font class="_mt">Stock Option Valuation</font></b></p>
<p style="margin: 0in 0in 0pt;"><b><i><font class="_mt" style="font-size: 10pt;">Valuation Method.</font></i></b> <font class="_mt" style="font-size: 10pt;">We estimate the fair value of stock option awards on the date of grant using a binomial lattice model. We believe that the binomial lattice model is a more accurate model for valuing employee stock options since it better reflects the impact of stock price changes on option exercise behavior.</font></p>
<p style="margin: 9pt 0in 0pt;"><b><i><font class="_mt" style="font-size: 10pt;">Expected Term.</font></i></b> <font class="_mt" style="font-size: 10pt;">Our expected option term represents the average period that we expect stock options to be outstanding and is determined based on our historical experience, giving consideration to contractual terms, vesting schedules, anticipated stock prices and expected future behavior of option holders.</font></p>
<p style="margin: 9pt 0in 0pt;"><b><i><font class="_mt" style="font-size: 10pt;">Expected Volatility</font></i></b><font class="_mt" style="font-size: 10pt;">. Our expected volatility is based on a blend of the historical volatility of JCPenney stock combined with an estimate of the implied volatility derived from exchange traded options. Beginning in 2008, we increased the weighting of the historical volatility component of our expected volatility assumption due to historical volatility being more representative of our current business model. Our historical volatility no longer reflects the volatility associated with the Eckerd drugstore business, which was sold in mid-2004.</font></p>
<p style="margin: 9pt 0in 0pt;"><b><i><font class="_mt" style="font-size: 10pt;">Risk-Free Interest Rate.</font></i></b> <font class="_mt" style="font-size: 10pt;">Our risk-free interest rate is based on zero-coupon U.S. Treasury yields in effect at the date of grant with the same period as the expected option life.</font></p>
<p style="margin: 9pt 0in 0pt;"><b><i><font class="_mt" style="font-size: 10pt;">Expected Dividend Yield.</font></i></b> <font class="_mt" style="font-size: 10pt;">The dividend assumption is based on our current expectations about our dividend policy.</font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">Our weighted-average fair value of stock options at grant date was $6.29 in 2009, $11.74 in 2008 and $19.85 in 2007 using the binomial lattice valuation model and the following assumptions:</font></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 9pt;"> </font></p>
<div align="center">
<table class="MsoNormalTable" style="width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 230.85pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="308">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.05pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="121">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.05pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="121">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 91.05pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="121">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" size="1"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2009</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2008</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">2007</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Weighted-average expected option term</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">4.5 years</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">4.6 years</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">4.5 years</font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Weighted-average expected volatility</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">57.0%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">44.7%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">25.0%</font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Weighted-average risk-free interest rate</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">1.8%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">2.7%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">4.5%</font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Weighted-average expected dividend yield</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">3.3%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">2.0%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">0.9%</font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Expected dividend yield range</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">1.8% – 5.0%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">1.2% – 5.6%</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><font class="_mt" style="font-size: 10pt;">-</font></p>
</td>
</tr>
</table>
</div>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 7.5pt;"> </font></p>
<p style="margin: 0in 0in 0pt;"><b><i>Stock Awards</i></b></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 10pt; color: black;">On March 16, 2009, we granted approximately 149,000 performance-based restricted stock units to our Chairman and Chief Executive Officer, with a fair value of $1,280,757.<font class="_mt"> The performance measurement for the award is the Company’s annualized total stockholder return over a three-year performance period. The minimum performance level required to achieve 100% payout of the award is 11.3% annualized total stockholder return.<font class="_mt"> No portion of the award will be earned if the annualized total stockholder return is less than 11.3%.<font class="_mt"> The maximum payout is 100% of the performance units awarded. Because the performance award is market based, this fair value will be recognized over the performance period, regardless of how much, if any, of the payout is earned.</font></font></font></font></p>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">In 2009, we granted approximately 47,000 restricted stock units to non-employee members of the Board. Restricted stock awards (shares and units) for non-employee directors are expensed when granted since the recipients have the right to receive the shares upon a qualifying termination of service in accordance with the grant. <font class="_mt"> W<font class="_mt" style="font-size: 10pt;">e also granted approximately 127,000 restricted and non-restricted stock units as ad-hoc awards to associates, as well as dividend equivalents on unvested restricted stock awards.</font></font></font></p>
<p><font class="_mt" style="font-size: 10pt;">Awards vested during 2009 included the final one-third, or approximately 213,000 performance-based restricted stock units from our March 2006 annual grant and the initial one-third, or approximately 124,000 restricted stock units from our March 2008 annual grant.<font class="_mt"> In addition, approximately 134,000 of individual restricted stock awards vested during the year.</font></font></p>
<p><font class="_mt" style="font-size: 10pt;">The following table summarizes our non-vested stock awards as of January 30, 2010 and activity during the year then ended:</font></p>
<p style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 9pt;"> </font></p>
<div align="center">
<table class="MsoNormalTable" style="width: 100%; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="410">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="127">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 0.5pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="410">
<p style="margin: 0in 0in 0.75pt;"><i><font class="_mt" style="font-size: 10pt;">(shares in thousands)</font></i></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Stock Awards</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: center;" align="center"><b><font class="_mt" style="font-size: 10pt;">Weighted-<br />
Average Grant<br />
Date Fair Value</font></b></p>
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" size="1"> </font></p>
</div>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="410">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Non-vested at January 31, 2009</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 1,219<font class="_mt"> </font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;">$<font class="_mt"> <font class="_mt"> 42<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="410">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Granted</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 323<font class="_mt"> </font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 19<font class="_mt"> </font></font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="410">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Vested</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> (471)</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 50<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="410">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Forfeited/canceled</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> <font class="_mt"> (88)</font></font></font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 51<font class="_mt"> </font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="410">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 1pt solid; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrdsinglerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="top" width="410">
<p style="margin-left: 12pt; text-indent: -12pt;"><font class="_mt" style="font-size: 10pt;">Non-vested at January 30, 2010</font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 82.0pt decimal 84.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> 983</font></font></font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135" nowrap="nowrap">
<p style="margin: 0in 0in 0.75pt; tab-stops: right 92.0pt decimal 94.0pt;"><font class="_mt" style="font-size: 10pt;"><font class="_mt"> <font class="_mt"> <font class="_mt"> 28<font class="_mt"> </font></font></font></font></font></p>
</td>
</tr>
<tr>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 307.45pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="410">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 94.95pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="127">
<div style="border-right: medium none; padding-right: 0in; border-top: windowtext 2.25pt double; padding-left: 0in; padding-bottom: 0in; border-left: medium none; padding-top: 1pt; border-bottom: medium none;">
<p class="rrddoublerule" style="margin: 1pt 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</div>
</td>
<td style="border-right: #d4d0c8; padding-right: 0in; border-top: #d4d0c8; padding-left: 0.1in; padding-bottom: 0in; border-left: #d4d0c8; width: 101.6pt; padding-top: 0in; border-bottom: #d4d0c8; background-color: transparent;" valign="bottom" width="135">
<p class="la2" style="margin: 0in 0in 0pt;"><font class="_mt" style="font-size: 1pt;"> </font></p>
</td>
</tr>
</table>
</div>
<p style="margin: 9pt 0in 0pt;"><font class="_mt" style="font-size: 10pt;">As of January 30, 2010, we had $14 million of unrecognized compensation expense related to unearned associate stock awards, which will be recognized over the remaining weighted-average vesting period of approximately 1.3 years. The aggregate market value of shares vested during 2009, 2008 and 2007 was $10 million, $17 million and $28 million, respectively, compared to an aggregate grant date fair value of $24 million, $26 million and $21 million, respectively.</font></p>
</div><!-- body --></div></div> </div>
14) Stock-Based Compensation
At our Annual Meeting of Stockholders on May 15, 2009, our stockholders approved the J. C Penney Company, Inc. 2009 Long-Term
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Disclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
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UnKnown
UnKnown
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true