SEC Form 4 · accession 0001179110-16-018822
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Sottosanti
Officer — EVP,Gen Counsel & Secretary
Period of report
Feb 6, 2016
Accepted (ET)
Feb 9, 2016 · 5:01 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 6, 2016 | M | 622 | — | A | 20,135 | D | |
| Common Stock | Feb 6, 2016 | D | 622 | $13.43 | 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 | — | Feb 6, 2016 | M | 622 | D | — | — | Common Stock | 622 | 0 | 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 2,490 phantom stock units, the last 622 phantom stock units vested on February 6, 2016.