PENN Entertainment, Inc. — Director's Dealing 2013

Oct 11, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2013-10-09

Reporting Person: SHATTUCK KOHN BARBARA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-09	Common Stock	M	60000	$29.22	Acquired	90955	Direct
2013-10-09	Common Stock	F	39324	$56.09	Disposed	51631	Direct
2013-10-09	Common Stock	M	30000	$33.12	Acquired	81631	Direct
2013-10-09	Common Stock	F	21162	$56.09	Disposed	60469	Direct
2013-10-09	Common Stock	M	30000	$41.62	Acquired	90469	Direct
2013-10-09	Common Stock	F	24432	$56.09	Disposed	66037	Direct
2013-10-09	Common Stock	M	20000	$29.34	Acquired	86037	Direct
2013-10-09	Common Stock	F	13138	$56.09	Disposed	72899	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-09	Non Qualified Stock Options (right to buy)	$29.22	M	60000	Disposed	2015-01-06	Common Stock (60000)	Direct
2013-10-09	Non Qualified Stock Options (right to buy)	$33.12	M	30000	Disposed	2016-01-12	Common Stock (30000)	Direct
2013-10-09	Non Qualified Stock Options (right to buy)	$41.62	M	30000	Disposed	2017-01-02	Common Stock (30000)	Direct
2013-10-09	Non Qualified Stock Option (right to buy)	$29.34	M	20000	Disposed	2018-08-08	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect