PENN Entertainment, Inc. — Director's Dealing 2016

Feb 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2016-02-09

Reporting Person: Reibstein Saul (EVP-Finance, CFO & Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-09	Non-Qualified Stock Options (right to buy)	$12.87	A	138543	Acquired	2023-02-09	Common Stock (138543)	Direct

Footnotes

F1: Vests over 4 years on the anniversary date of grant as follows: 34,636 shares on February 9, 2017; 34,636 shares on February 9, 2018; 34,636 shares on February 9, 2019; and 34,635 shares on February 9, 2020.