Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Miller Dennis P
2. Date of Event Requiring Statement (Month/Day/Year)
09/20/2013
3. Issuer Name and Ticker or Trading Symbol
J C PENNEY CO INC [JCP]
(Last)
(First)
(Middle)
C/O J. C. PENNEY COMPANY, INC., 6501 LEGACY DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) __X__ Other (specify below)
SVP, Controller / Principal Accounting Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PLANO, TX 75024
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock of 50 cents Par Value 13,481.18
D
 
Common Stock of 50 cents Par Value 3,649 (1)
I
By Trustee of 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option/Right to Buy 02/28/2006(2) 02/27/2015 Common Stock 10,000 $ 44.69 D  
Employee stock option/Right to Buy 03/22/2007(3) 03/21/2016 Common Stock 4,132 $ 60.5 D  
Employee stock option/Right to Buy 03/14/2008(3) 03/13/2017 Common Stock 3,275 $ 78.5 D  
Employee stock option/Right to Buy 03/12/2009(3) 03/11/2018 Common Stock 4,676 $ 39.78 D  
Employee stock option/Right to Buy 03/16/2010(3) 03/15/2019 Common Stock 5,317 $ 16.09 D  
Employee stock option/Right to Buy 03/16/2011(4) 03/15/2020 Common Stock 16,593 $ 30.72 D  
Employee stock option/Right to Buy 03/15/2012(5) 03/14/2021 Common Stock 13,158 $ 36.58 D  
Employee stock option/Right to Buy 02/28/2013(6) 02/27/2022 Common Stock 10,707 $ 41.34 D  
Employee stock option/Right to Buy 03/13/2013(7) 03/12/2022 Common Stock 12,842 $ 37.63 D  
Employee stock option/Right to Buy 04/03/2014(8) 04/02/2023 Common Stock 17,610 $ 14.43 D  
Phantom Stock Units   (9)   (9) Common Stock 2,060 $ (9) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Miller Dennis P
C/O J. C. PENNEY COMPANY, INC.
6501 LEGACY DRIVE
PLANO, TX 75024
      SVP, Controller Principal Accounting Officer

Signatures

***/s/ Brandy L. Treadway, attorney in fact 09/30/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents equivalent shares based on units of participation in the JCPenney stock fund allocated to Mr. Miller's account in the Company's 401(k) plan, as of September 24, 2013. The shares of JCPenney common stock in the fund are held by the trustee of the 401(k) plan. Changes in the amount of securities beneficially owned reflect changes in the value of the fund, the number of units of participation in the fund held by all participants, and the number of units of participation held by Mr. Miller.
(2) Represents grant of employee stock options under the Company's 2001 Equity Compensation Plan.
(3) Represents grant of employee stock options under the Company's 2005 Equity Compensation Plan.
(4) Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan.
(5) Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan, which vest one-third on March 12, 2012, one-third on March 12, 2013, and one-third on March 12, 2014.
(6) Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan which vest fully on February 28, 2014.
(7) Represents grant of employee stock options under the Company's 2009 Long-Term Incentive Plan, which vest one-third on March 13, 2013, one-third on March 13, 2014, and one-third on March 13, 2015.
(8) Represents grant of employee stock options under the Company's 2012 Long-Term Incentive Plan, which vest one-third on April 3, 2014, one-third on April 3, 2015 and one-third on April 3, 2016.
(9) Represents equivalent shares based on units of participation in the JCPenney stock fund credited to Mr. Miller's account under the Company's Mirror Savings Plan. The phantom stock units are to be settled upon the reporting person's retirement or other termination of service.
 
Remarks:
*** Under POA as filed herewith. Exhibit List: Exhibit No. 24 - Power of Attorney (POA)

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