SEC Form 4 · accession 0001179110-17-001449
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kohn Barbara Shattuck
Director
Period of report
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 6:02 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 | Jan 30, 2017 | M | 4,552 | — | A | 43,716 | D | |
| Common Stock | Jan 30, 2017 | D | 4,552 | $13.98 | D | 39,164 | 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 | — | Jan 30, 2017 | M | 4,552 | D | — | — | Common Stock | 4,552 | 9,104 | 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, 4,552 units vested on January 30, 2017. Of the remaining phantom stock units, 4,552 units will vest on each of January 30, 2018 and January 30, 2019.
- F2Ms. Shattuck Kohn disclaims beneficial ownership of these shares owned by her 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.