SEC Form 4 · accession 0001179110-17-002266
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane Scaccetti
Director
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 4:59 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 | Feb 9, 2017 | M | 4,857 | — | A | 6,857 | D | |
| Common Stock | Feb 9, 2017 | D | 4,857 | $14.02 | D | 2,000 | D | |
| Common Stock | Feb 10, 2017 | P | 3,300 | $14.34 | A | 5,300 | 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 | — | Feb 9, 2017 | M | 4,857 | D | — | — | Common Stock | 4,857 | 14,568 | 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, 4,857 units vested on February 9, 2017. Of the remaining phantom stock units, 4,856 units will vest on each of February 9, 2018, February 9, 2019 and February 9, 2020.