SEC Form 4 · accession 0001209191-15-076500

Gaming & Leisure Properties, Inc. · GLPI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO · Director · 10% Owner

Period of report

Oct 20, 2015

Accepted (ET)

Oct 22, 2015 · 7:34 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001575965

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Oct 20, 2015	M	60,399	$12.41	A	3,393,832	D
Common Stock^F1	Oct 20, 2015	S	41,286	$30.21	D	3,352,546	D
Common Stock^F2	Oct 20, 2015	M	14,060	—	A	3,366,606	D
Common Stock	Oct 20, 2015	D	14,060	$30.06	D	3,352,546	D
Common Stock^F3	holding	—	—		—	7,682,888	I	By Trusts

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Options (right to buy)^F1	$12.41	Oct 20, 2015	M	60,399	D	Jan 2, 2013	Jan 2, 2016	Common Stock	60,399	181,199	D
Phantom Stock Units^F2	—	Oct 20, 2015	M	14,060	D	Oct 20, 2015	Oct 20, 2015	Common Stock	14,060	0	D

F1The identified transactions set forth on this Form 4 were made pursuant to a stock trading plan executed by Mr. Carlino on September 9, 2015 pursuant to Rule 10b5-1.
F2The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's Common Stock. Pursuant to the Company's 2013 Long Term Incentive Compensation Plan, "fair market value" is the closing sales price on the immediately preceding business day of a share of the Company's Common Stock as reported on the principal securities exchange on which shares of the Company's Common Stock are then listed or admitted to trading.
F3Includes: (i) 436,701 shares owned by a residuary trust for the benefit of Peter D. Carlino and Peter D. Carlino's children, as to which Mr. Carlino has shared voting and investment power; and (ii) 7,246,187 shares held by the Carlino Family Trust, as to which Peter M. Carlino has sole voting power for certain matters. The reporting person disclaims beneficial ownership of the shares owned by the trusts, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.