SEC Form 4 · accession 0001179110-16-027898
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay A Snowden
Officer — EVP-Chief Operating Officer
Period of report
Jul 23, 2016
Accepted (ET)
Jul 26, 2016 · 5:10 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 | Jul 23, 2016 | M | 34,483 | — | A | 61,425 | D | |
| Common Stock | Jul 23, 2016 | D | 34,483 | $13.92 | D | 26,942 | 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 UnitsF1 | — | Jul 23, 2016 | M | 34,483 | A | — | — | Common Stock | 34,483 | 34,482 | 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 stock. Of the original award of phantom stock units, 34,483 units vested on July 23, 2015 and 34,483 units vested on July 23, 2016. The remaining 34,482 units will vest on July 23, 2017.