SEC Form 4 · accession 0001179110-16-032036
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Sottosanti
Officer — EVP,Gen Counsel & Secretary
Period of report
Nov 21, 2016
Accepted (ET)
Nov 23, 2016 · 4:05 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 | Nov 21, 2016 | M | 16,644 | $9.70 | A | 35,696 | D | |
| Common StockF1,F2 | Nov 21, 2016 | S | 16,644 | $13.88 | D | 19,052 | D | |
| Common StockF1 | Nov 22, 2016 | M | 954 | $9.70 | A | 20,006 | D | |
| Common StockF1,F3 | Nov 22, 2016 | S | 954 | $13.84 | D | 19,052 | D | |
| Common StockF1 | Nov 22, 2016 | M | 20,000 | $6.34 | A | 59,052 | D | |
| Common StockF1,F3 | Nov 22, 2016 | S | 20,000 | $13.84 | D | 19,052 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Options (right to buy) | $9.70 | Nov 21, 2016 | M | 16,644 | D | Jan 2, 2011 | Jan 2, 2017 | Common Stock | 16,644 | 954 | D |
| Non Qualified Stock Options (right to buy) | $9.70 | Nov 22, 2016 | M | 954 | D | Jan 2, 2011 | Jan 2, 2017 | Common Stock | 954 | 0 | D |
| Non Qualified Stock Options (right to buy) | $6.34 | Nov 22, 2016 | M | 20,000 | D | Jan 2, 2014 | Jan 2, 2017 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The options subject to the transactions reported on this Form 4 would have expired on January 2, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.85 to $13.90. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.75 to $13.91. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.