SEC Form 4 · accession 0001179110-16-027903
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Wilmott
Officer — President & CEO
Period of report
Jul 23, 2016
Accepted (ET)
Jul 26, 2016 · 5:12 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 | 114,943 | — | A | 548,399 | D | |
| Common Stock | Jul 23, 2016 | D | 114,943 | $13.92 | D | 433,456 | 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 | 114,943 | A | — | — | Common Stock | 114,943 | 114,942 | 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, 114,943 units vested on July 23, 2015 and 114,943 units vested on July 23, 2016. The remaining 114,942 units will vest on July 23, 2017.