SEC Form 4 · accession 0001179110-17-013405
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay A Snowden
Officer — President and COO
Period of report
Oct 18, 2017
Accepted (ET)
Oct 20, 2017 · 4:48 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 | Oct 18, 2017 | M | 10,000 | $8.88 | A | 46,281 | D | |
| Common StockF1,F2 | Oct 18, 2017 | S | 10,000 | $25.04 | D | 36,281 | D | |
| Common StockF1 | Oct 18, 2017 | M | 91,531 | $8.88 | A | 127,812 | D | |
| Common StockF1,F3 | Oct 18, 2017 | S | 91,531 | $25.08 | D | 36,281 | D | |
| Common StockF1 | Oct 19, 2017 | M | 8,469 | $8.88 | A | 44,750 | D | |
| Common StockF1,F4 | Oct 19, 2017 | S | 8,469 | $25.00 | D | 36,281 | 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)F5 | $8.88 | Oct 18, 2017 | M | 10,000 | D | — | Jan 3, 2019 | Common Stock | 10,000 | 0 | D |
| Non Qualified Stock Options (right to buy)F6 | $8.88 | Oct 18, 2017 | M | 91,531 | D | — | Oct 11, 2018 | Common Stock | 91,531 | 8,469 | D |
| Non Qualified Stock Options (right to buy)F6 | $8.88 | Oct 19, 2017 | M | 8,469 | D | — | Oct 11, 2018 | Common Stock | 8,469 | 0 | D |
Explanation of responses
- F1The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.00 to $25.14. 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 $25.00 to $25.20. 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 price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.00 to $25.03. 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.
- F5The option award, representing a right to purchase 10,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2013.
- F6The option award, representing a right to purchase 150,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning October 11, 2012, and would have expired on October 11, 2018.