SEC Form 4 · accession 0001179110-16-018348
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Handler
Director
Period of report
Jan 30, 2016
Accepted (ET)
Feb 2, 2016 · 8:38 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 30, 2016 | M | 4,552 | — | A | 154,552 | D | |
| Common Stock | Jan 30, 2016 | D | 4,552 | $14.13 | D | 150,000 | 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 UnitF1 | — | Jan 30, 2016 | M | 4,552 | D | — | — | Common Stock | 4,552 | 13,656 | D |
Explanation of responses
- F1The recipient receives a cash payment for each phantom stock 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, 4,552 units vested on January 30, 2016. The remaining phantom stock units will vest as follows: 4,552 units on January 30, 2017, 4,552 units on January 30, 2018 and 4,552 units on January 30, 2019.