PENN Entertainment, Inc. — Director's Dealing 2021

Jan 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2021-01-15

Reporting Person: LaBombard Christine (SVP and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-15	Common Stock	M	6539	$19.45	Acquired	18859	Direct
2021-01-15	Common Stock	S	6539	$104.51	Disposed	12320	Direct
2021-01-15	Common Stock	M	5292	$26.14	Acquired	17612	Direct
2021-01-15	Common Stock	S	5292	$104.51	Disposed	12320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-15	Stock Options (Right to Buy)	$19.45	M	6539	Disposed	2029-01-03	Common Stock (6539)	Direct
2021-01-15	Stock Options (Right to Buy)	$26.14	M	5292	Disposed	2030-01-03	Common Stock (5292)	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.

F2: The stock options vest and become exercisable in four annual installments beginning on January 3, 2020.

F3: The stock options vest and become exercisable in four annual installments beginning on January 3, 2021.