SEC Form 3 · accession 0001179110-19-001157
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine LaBombard
Officer — SVP, Chief Accounting Officer
Period of report
Jan 29, 2019
Accepted (ET)
Feb 1, 2019 · 5:06 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 Stock | holding | — | — | — | 24,029 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $29.92 | holding | — | — | — | Oct 15, 2019 | Oct 15, 2028 | Common Stock | 10,183 | — | D |
| Non-Qualified Options (right to buy)F2 | $19.45 | holding | — | — | — | Jan 3, 2020 | Jan 3, 2029 | Common Stock | 26,158 | — | D |
Explanation of responses
- F1Each vested Stock Appreciation Right (SAR) represents the right to receive a cash payment upon exercise equal to the amount by which the Fair Market Value of a share of Common Stock on the date of exercise exceeds the Base Amount ($29.92) for the SAR. Vests over four years on the anniversary date of grant as follows: 2,546 SARs on October 15, 2019; 2,546 SARs on October 15, 2020; 2,546 SARs on October 15, 2021; and 2,545 SARs on October 15, 2022.
- F2Vests over four years on the anniversary date of grant as follows: 6,540 shares on January 3, 2020; 6,539 shares on January 3, 2021; 6,540 shares on January 3, 2022; and 6,539 shares on January 3, 2023.