SEC Form 4 · accession 0001179110-19-002101
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
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 5:14 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 14, 2019 | A | 4,734 | $0.00 | A | 51,853 | D | |
| Common Stock | Feb 14, 2019 | F | 6,103 | $24.55 | D | 45,750 | D | |
| Common StockF2 | Feb 14, 2019 | A | 4,451 | $0.00 | A | 50,201 | D | |
| Common StockF3 | Feb 14, 2019 | A | 6,199 | $0.00 | A | 56,400 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock earned and credited to the Reporting Person from a performance shares award granted in 2016 due to the achievement of a portion of the third year performance goal. The forfeiture restrictions for all earned and credited restricted stock pursuant to the performance shares award granted in 2016 lapsed on February 14, 2019, the date the achievement of the performance goal for the third performance period was determined.
- F2Restricted stock earned and credited to the Reporting Person from a performance shares award granted in 2017 due to the achievement of a portion of the second year's performance goal, which restricted stock remains subject to forfeiture for three years following the grant date.
- F3Restricted stock earned and credited to the Reporting Person from a performance shares award granted in 2018 due to the achievement of a portion of the first year's performance goal, which restricted stock remains subject to forfeiture for three years following the grant date.