SEC Form 4 · accession 0001179110-16-019012
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Handler
Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 4:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921738
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2 | — | Feb 9, 2016 | A | 19,425 | A | — | — | Common Stock | 19,425 | 19,425 | D |
Explanation of responses
- F1Upon vesting, the recipient is entitled to 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.
- F2The phantom stock units are scheduled to vest as follows: 4,857 units on February 9, 2017; 4,856 units on February 9, 2018; 4,856 units on February 9, 2019; and 4,856 units on February 9, 2020.