SEC Form 4 · accession 0001179110-16-019877
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 19, 2016
Accepted (ET)
Feb 23, 2016 · 5:20 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 19, 2016 | M | 1,273 | — | A | 151,273 | D | |
| Common Stock | Feb 19, 2016 | D | 1,273 | $13.94 | 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 | — | Feb 19, 2016 | M | 1,273 | D | — | — | Common Stock | 1,273 | 1,272 | 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, 1,273 units vested on February 19, 2016. The remaining 1,272 phantom stock units will vest as on February 19, 2017.