PENN Entertainment, Inc. — Director's Dealing 2011

Jan 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2011-01-12

Reporting Person: IPPOLITO ROBERT S (Vice President, Secretary/Trea)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-12	Common Stock	S	5000	$35.63	Disposed	39002	Direct

Footnotes

F1: All transactions on this Form 4 were made pursuant to a stock trading plan, dated February 22, 2010, established pursuant to rule 10b5-1.