SEC Form 4 · accession 0001104659-15-053523
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Wilmott
Officer — President & CEO · Director
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921738
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 23, 2015 | M | 114,943 | — | A | 348,399 | D | |
| Common Stock | Jul 23, 2015 | D | 114,943 | $19.24 | D | 233,456 | D | |
| Common StockF2 | Jul 23, 2015 | M | 49,900 | $4.98 | A | 283,356 | D | |
| Common StockF2 | Jul 23, 2015 | S | 49,900 | $20.10 | D | 233,456 | D |
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 | — | Jul 23, 2015 | M | 114,943 | D | — | — | Common Stock | 114,943 | 229,885 | D |
| Non Qualified Stock Options (right to buy) | $4.98 | Jul 23, 2015 | M | 49,900 | D | Jan 2, 2013 | Jan 2, 2016 | Common Stock | 49,900 | 100 | 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, 114,943 units vested on July 23, 2015. The remaining phantom stock units will vest as follows: 114,943 units on July 23, 2016 and 114,942 units on July 23, 2017.
- F2These transactions on this Form 4 were made pursuant to a stock trading plan, executed by Mr. Wilmott on May 4, 2015, established pursuant to rule 10b5-1. The options subject to the transactions reported on this Form 4 would have expired on January 2, 2016.