SEC Form 4 · accession 0001179110-17-013374

PENN Entertainment, Inc. · PENN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Oct 16, 2017

Accepted (ET)

Oct 18, 2017 · 5:57 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
Common Stock^F1	Oct 16, 2017	M	400	$8.19	A	456,100	D
Common Stock^F1	Oct 16, 2017	S	400	$24.00	D	455,700	D
Common Stock^F1	Oct 17, 2017	M	11,159	$8.19	A	466,859	D
Common Stock^F1,F2	Oct 17, 2017	S	11,159	$24.03	D	455,700	D
Common Stock^F1	Oct 18, 2017	M	2,344	$8.19	A	458,044	D
Common Stock^F1,F3	Oct 18, 2017	S	2,344	$24.15	D	455,700	D

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	Oct 16, 2017	M	400	D	—	Jan 3, 2018	Common Stock	400	13,503	D
Non Qualified Stock Options (right to buy)^F4	$8.19	Oct 17, 2017	M	11,159	D	—	Jan 3, 2018	Common Stock	11,159	2,344	D
Non Qualified Stock Options (right to buy)^F4	$8.19	Oct 18, 2017	M	2,344	D	—	Jan 3, 2018	Common Stock	2,344	0	D

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 $24.00 to $24.11. 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 $24.08 to $24.25. 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.