SEC Form 4 · accession 0001179110-15-003192
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Saul Reibstein
Officer — EVP-Finance, CFO & Treasurer
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 6:42 pm EST
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 | Feb 19, 2015 | M | 1,273 | — | A | 12,073 | D | |
| Common Stock | Feb 19, 2015 | D | 1,273 | $16.775 | D | 10,800 | D | |
| Common StockF2 | holding | — | — | — | 150 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF1 | — | Feb 19, 2015 | M | 1,273 | A | — | — | Common Stock | 1,273 | 2,545 | 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 (which were granted to Mr. Reibstein during his tenure on the Company's Board of Directors), 1,273 units vested on February 19, 2015. The remaining phantom stock units will vest as follows: 1,273 units on February 19, 2016 and 1,272 units on February 19, 2017.
- F2Mr.Reibstein disclaims beneficial ownership of all of the shares owned by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.