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PENN Entertainment, Inc. — Director's Dealing 2021
Mar 18, 2021
31408_dirs_2021-03-17_ba64d186-6233-458b-95d6-4c1522de415b.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: 2021-03-15
Reporting Person: Snowden Jay A (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-15 | Common Stock | M | 71540 | $13.19 | Acquired | 263139 | Direct |
| 2021-03-15 | Common Stock | S | 58206 | $140.40 | Disposed | 204933 | Direct |
| 2021-03-15 | Common Stock | S | 13234 | $141.53 | Disposed | 191699 | Direct |
| 2021-03-15 | Common Stock | S | 100 | $142.00 | Disposed | 191599 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-15 | Stock Options (Right to Buy) | $13.19 | M | 71540 | Disposed | 2022-01-06 | Common Stock (71540) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The stock options exercised by the reporting person on March 15, 2021 were scheduled to expire on January 6, 2022.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.00 to $140.99, inclusive. 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 sold at each separate price within the range set forth in footnote (2) to this Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.00 to $141.99, inclusive. 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 sold at each separate price within the range set forth in footnote (3) to this Form 4.
F4: The stock options vested in four annual installments beginning on January 6, 2016.