SEC Form 4 · accession 0001209191-17-048970
Pinnacle Entertainment, Inc. · PNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil E Walkoff
Officer — EVP, Operations
Period of report
Aug 11, 2017
Accepted (ET)
Aug 15, 2017 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001656239
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 11, 2017 | M | 60,000 | $3.07 | A | 282,076 | D | |
| Common StockF1 | Aug 11, 2017 | S | 60,000 | $19.14 | D | 222,076 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $3.07 | Aug 11, 2017 | M | 60,000 | D | — | Aug 23, 2017 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.00 to $19.58, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F2The options vested in four equal annual installments on August 23, 2011, 2012, 2013 and 2014.