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Python's time.strptime() behavior is consistent with that of glibc 2.19:
======= strptime_c.c =======
#define _XOPEN_SOURCE
#include <stdio.h>
#include <stdlib.h>
#include <string.h>
#include <time.h>
int
main(void)
{
 struct tm tm;
 char buf[255];
 memset(&tm, 0, sizeof(struct tm));
 strptime("Feb 29", "%b %d", &tm);
 strftime(buf, sizeof(buf), "%d %b %Y %H:%M", &tm);
 puts(buf);
 exit(EXIT_SUCCESS);
}
=======
$ gcc strptime_c.c 
$ ./a.out
29 Feb 1900 00:00
I'm not saying that the behavior is a good API, but given the unfortunate API at hand, parsing a date without specifying what year it is using strptime is a bad idea.