SEC Form 4 · accession 0001104659-15-053527
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay A Snowden
Officer — EVP-Chief Operating Officer
Period of report
Jul 23, 2015
Accepted (ET)
Jul 27, 2015 · 8:04 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 | 34,483 | — | A | 54,782 | D | |
| Common Stock | Jul 23, 2015 | D | 34,483 | $19.24 | D | 20,299 | 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 | 34,483 | D | — | — | Common Stock | 34,483 | 68,965 | D |
Explanation of responses
- F1The recipient receives a cash payout for each unit equal to the fair market value on the vesting date of one share of the Company's common stock period. Of the original award of phantom stock units, 34,483 units vested on July 23, 2015. The remaining phantom stock units will vest as follows: 34,483 units on July 23, 2016 and 34,482 units on July 23, 2017.