SEC Form 4 · accession 0001179110-17-012771
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Wilmott
Officer — Chief Executive Officer · Director
Period of report
Sep 27, 2017
Accepted (ET)
Sep 29, 2017 · 5:28 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 | Sep 27, 2017 | M | 23,419 | $8.19 | A | 479,119 | D | |
| Common StockF1,F2 | Sep 27, 2017 | S | 23,419 | $23.27 | D | 455,700 | D | |
| Common StockF1 | Sep 28, 2017 | M | 70,781 | $8.19 | A | 526,481 | D | |
| Common StockF1,F3 | Sep 28, 2017 | S | 70,781 | $23.13 | D | 455,700 | 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)F4 | $8.19 | Sep 27, 2017 | M | 23,419 | D | — | Jan 3, 2018 | Common Stock | 23,419 | 170,781 | D |
| Non Qualified Stock Options (right to buy)F4 | $8.19 | Sep 28, 2017 | M | 70,781 | D | — | Jan 3, 2018 | Common Stock | 70,781 | 100,000 | D |
Explanation of responses
- F1The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1. The options subject to the transactions reported on this Form 4 would have expired on January 3, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.00 to $23.54. 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 $23.01 to $23.21. 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.
- F4The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.