SEC Form 4 · accession 0001179110-16-017831
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
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 4:48 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 | Jan 14, 2016 | M | 12,500 | — | A | 28,300 | D | |
| Common Stock | Jan 14, 2016 | D | 12,500 | $14.28 | D | 15,800 | 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 | — | Jan 14, 2016 | M | 12,500 | D | Jan 14, 2016 | Jan 14, 2016 | Common Stock | 12,500 | 25,000 | 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, 12,500 units vested on each of January 14, 2015 and January 14, 2016. The remaining phantom stock units will vest as follows: 12,500 units on January 14, 2017 and 12,500 units on January 14, 2018.
- 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.