PENN Entertainment, Inc. — Director's Dealing 2012

Mar 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2012-03-20

Reporting Person: Snyder Steven T. (SR VP-Corp Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-20	Common Stock	M	3422	$29.22	Acquired	88210	Direct
2012-03-20	Common Stock	M	3019	$33.12	Acquired	91229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-20	Incentive Stock Options (right to buy)	$29.22	M	3422	Disposed	2015-01-06	Common Stock (3422)	Direct
2012-03-20	Incentive Stock Options (right to buy)	$33.12	M	3019	Disposed	2016-01-12	Common Stock (3019)	Direct