PENN Entertainment, Inc. — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2018-08-24

Reporting Person: Reibstein Saul (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-24	Common Stock	M	6694	$13.19	Acquired	25642	Direct
2018-08-24	Common Stock	S	6694	$35.00	Disposed	18948	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-24	Non Qualified Stock Options (right to buy)	$13.19	M	6694	Disposed	2022-01-06	Common Stock (6694)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	150	Indirect

Footnotes

F1: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1.

F2: Mr. Reibstein disclaims beneficial ownership of all of the shares owned by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial ownership of such securities for purposes of Section 16 or any other purpose.