SEC Form 4 · accession 0001209191-16-094896
Gaming & Leisure Properties, Inc. · GLPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter M Carlino
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 5:57 pm EST
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 StockF1 | Jan 29, 2016 | M | 16,913 | — | A | 3,542,001 | D | |
| Common Stock | Jan 29, 2016 | D | 16,913 | $25.25 | D | 3,525,088 | D | |
| Common StockF2 | holding | — | — | — | 7,682,888 | I | By Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Jan 29, 2016 | M | 16,913 | D | — | — | Common Stock | 16,913 | 16,911 | D |
Explanation of responses
- F1The 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. Of the original award of Phantom Stock Units, 16,913 units vested on January 29, 2016. The remaining 16,911 units will vest on January 29, 2017.
- F2Includes: (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) 7,563,016 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.