SEC Form 4 · accession 0001179110-17-010654
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Fair
Officer — EVP and CFO
Period of report
Jul 23, 2017
Accepted (ET)
Jul 25, 2017 · 4:28 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, 2017 | M | 28,735 | — | A | 36,924 | D | |
| Common Stock | Jul 23, 2017 | D | 28,735 | $20.50 | D | 8,189 | 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, 2017 | M | 28,735 | A | — | — | Common Stock | 28,735 | 0 | 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. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.