SEC Form 4 · accession 0001209191-16-132059

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

Jul 5, 2016

Accepted (ET)

Jul 7, 2016 · 5:01 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	Jul 5, 2016	M	147,745	$17.34	A	3,942,195	D
Common Stock^F1,F2	Jul 5, 2016	S	107,702	$35.01	D	3,834,493	D
Common Stock^F1	Jul 6, 2016	M	183,194	$17.34	A	4,017,687	D
Common Stock^F1,F3	Jul 6, 2016	S	133,502	$35.04	D	3,884,185	D
Common Stock^F1	Jul 6, 2016	M	54,180	$20.40	A	3,938,365	D
Common Stock^F1,F3	Jul 6, 2016	S	42,050	$35.04	D	3,896,315	D
Common Stock^F4	holding	—	—		—	7,380,900	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
Non-Qualified Stock Options (right to buy)^F1	$17.34	Jul 5, 2016	M	147,745	D	Nov 5, 2013	Jul 8, 2018	Common Stock	147,745	183,194	D
Non-Qualified Stock Options (right to buy)^F1	$17.34	Jul 6, 2016	M	183,194	D	Nov 5, 2013	Jul 8, 2018	Common Stock	183,194	0	D
Non-Qualified Stock Options (right to buy)^F1	$20.40	Jul 6, 2016	M	54,180	D	Nov 5, 2013	Jan 3, 2018	Common Stock	54,041	429,014	D

Explanation of responses

F1The identified transactions set forth on this Form 4 were made pursuant to a stock trading plan executed by Mr. Carlino on June 14, 2016 pursuant to Rule 10b5-1.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.81 to $35.095, inclusive. The reporting person undertakes to provide to Gaming and Leisure Properties, Inc., any security holder of Gaming and Leisure Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.71 to $35.15, inclusive. The reporting person undertakes to provide to Gaming and Leisure Properties, Inc., any security holder of Gaming and Leisure Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.
F4Includes: (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) 6,944,199 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.