SEC Form 4 · accession 0001179110-16-021688
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kohn Barbara Shattuck
Director
Period of report
Mar 13, 2016
Accepted (ET)
Mar 15, 2016 · 5:33 pm EDT
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 | Mar 13, 2016 | M | 4,361 | — | A | 54,253 | D | |
| Common Stock | Mar 13, 2016 | D | 4,361 | $14.58 | D | 49,892 | D | |
| Common StockF2 | holding | — | — | — | 2,000 | I | By Spouse |
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 | — | Mar 13, 2016 | M | 4,361 | D | — | — | Common Stock | 4,361 | 8,723 | 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, 4,362 units vested on March 13, 2015 and 4,361 units vested on March 13, 2016. The remaining phantom stock units will vest as follows: 4,361 units on March 13, 2017 and 4,361 on March 13, 2018.
- F2Ms. Shattuck Kohn disclaims beneficial ownership of these shares owned by here spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.