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PENN Entertainment, Inc. — Director's Dealing 2016
Nov 23, 2016
31408_dirs_2016-11-23_64ad643f-725a-45f3-bda1-8dc7545142f2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2016-11-21
Reporting Person: Sottosanti Carl (EVP,Gen Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-21 | Common Stock | M | 16644 | $9.7 | Acquired | 35696 | Direct |
| 2016-11-21 | Common Stock | S | 16644 | $13.88 | Disposed | 19052 | Direct |
| 2016-11-22 | Common Stock | M | 954 | $9.7 | Acquired | 20006 | Direct |
| 2016-11-22 | Common Stock | S | 954 | $13.84 | Disposed | 19052 | Direct |
| 2016-11-22 | Common Stock | M | 20000 | $6.34 | Acquired | 59052 | Direct |
| 2016-11-22 | Common Stock | S | 20000 | $13.84 | Disposed | 19052 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-11-21 | Non Qualified Stock Options (right to buy) | $9.7 | M | 16644 | Disposed | 2017-01-02 | Common Stock (16644) | Direct |
| 2016-11-22 | Non Qualified Stock Options (right to buy) | $9.7 | M | 954 | Disposed | 2017-01-02 | Common Stock (954) | Direct |
| 2016-11-22 | Non Qualified Stock Options (right to buy) | $6.34 | M | 20000 | Disposed | 2017-01-02 | Common Stock (20000) | Direct |
Footnotes
F1: The options subject to the transactions reported on this Form 4 would have expired on January 2, 2017.
F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.85 to $13.90. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.75 to $13.91. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.