SEC Form 4 · accession 0001179110-19-001784
PENN Entertainment, Inc. · PENN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kohn Barbara Shattuck
Director
Period of report
Feb 9, 2019
Accepted (ET)
Feb 12, 2019 · 5:11 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 | Feb 9, 2019 | M | 4,856 | — | A | 56,873 | D | |
| Common Stock | Feb 9, 2019 | D | 4,856 | $25.05 | D | 52,017 | D | |
| Common StockF2 | holding | — | — | — | 2,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF1 | — | Feb 9, 2019 | M | 4,856 | D | — | — | Common Stock | 4,856 | 4,856 | D |
Explanation of responses
- F1The recipient receives a cash payment for each phantom stock unit equal to the Fair Market Value (as defined under the Company's 2008 Long Term Incentive Compensation Plan) on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 4,856 units vested on February 9, 2019. The remaining 4,856 phantom stock units will vest on February 9, 2020.
- F2Ms. Shattuck Kohn disclaims beneficial ownership of these shares owned by her spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.