PENN Entertainment, Inc. — Director's Dealing 2012

Dec 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2012-12-05

Reporting Person: Carlino Family Trust (Former 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-05	Common Stock	J	311000	—	Disposed	6905874	Direct

Footnotes

F1: Shares distributed to the beneficiaries of the Carlino Family Trust. The Carlino Family Trust is no longer a beneficial owner of 10% or more of the Common Stock of Penn National Gaming, Inc.