SEC Form 4 · accession 0001104659-15-053525
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Sottosanti
Officer — SVP,Gen Counsel & Secretary
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 8:03 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 | 28,736 | — | A | 45,229 | D | |
| Common Stock | Jul 23, 2015 | D | 28,736 | $19.24 | D | 16,493 | 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 | 28,736 | D | — | — | Common Stock | 28,736 | 57,471 | 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, 28,736 units vested on July 23, 2015. The remaining phantom stock units will vest as follows: 28,736 units on July 23, 2016 and 28,735 units on July 23, 2017.