SEC Form 4 · accession 0001179110-16-018353
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
Jan 29, 2016
Accepted (ET)
Feb 2, 2016 · 8:42 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 | Jan 29, 2016 | M | 592 | — | A | 20,105 | D | |
| Common Stock | Jan 29, 2016 | D | 592 | $13.85 | D | 19,513 | 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 29, 2016 | M | 592 | D | — | — | Common Stock | 592 | 592 | 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, 592 units vested on January 29, 2016. Of the remaining phantom stock units, 592 units vested on each of January 29, 2014 and January 29, 2015 and 592 units will vest on January 29, 2017