SEC Form 4 · accession 0001179110-18-013559
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Sottosanti
Officer — EVP,Gen Counsel & Secretary
Period of report
Dec 4, 2018
Accepted (ET)
Dec 6, 2018 · 7:49 pm EST
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 | Dec 4, 2018 | M | 20,000 | $8.88 | A | 55,836 | D | |
| Common StockF1,F2 | Dec 4, 2018 | F | 8,717 | $22.76 | D | 47,119 | 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) | $8.88 | Dec 4, 2018 | M | 20,000 | A | Jan 3, 2016 | Jan 3, 2019 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The options subject to the transaction reported on this Form 4 would have expired on January 3, 2019.
- F2No shares were sold by the reporting person in connection with the exercise of the options. The reporting person paid the exercise price with a combination of cash and the surrender of shares to the company. As a result of the exercise of the options, the reporting person acquired a total of 11,283 shares.