SEC Form 4 · accession 0001179110-18-004932
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Saul Reibstein
Director
Period of report
Mar 28, 2018
Accepted (ET)
Mar 30, 2018 · 11:39 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921738
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Mar 28, 2018 | A | 9,535 | A | — | — | Common Stock | 9,535 | 9,535 | 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.
- F2The Phantom Stock Unit is scheduled to vest as follows: 2,384 units on March 28, 2019; 2,384 units on March 28, 2020; 2,384 units on March 28, 2021 and 2,383 units on March 28, 2022.