SEC Form 4 · accession 0001179110-16-026461
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald J Naples
Director
Period of report
Jun 12, 2016
Accepted (ET)
Jun 14, 2016 · 4:41 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 | Jun 12, 2016 | M | 634 | — | A | 1,634 | D | |
| Common Stock | Jun 12, 2016 | D | 634 | $14.74 | D | 1,000 | 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 | — | Jun 12, 2016 | M | 634 | D | — | — | Common Stock | 634 | 634 | 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, 635 units vested on June 12, 2014, 634 units vested on June 12, 2015 and 634 units vested on June 12, 2016. The remaining 634 phantom stock units will vest on June 12, 2017.