PENN Entertainment, Inc. — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PENN NATIONAL GAMING INC (PENN)
CIK: 0000921738
Period of Report: 2021-01-03

Reporting Person: SCACCETTI JANE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-03	Common Stock	M	2033	—	Acquired	39173	Direct
2021-01-03	Common Stock	D	2033	$86.37	Disposed	37140	Direct
2021-01-03	Common Stock	M	3188	—	Acquired	40328	Direct
2021-01-03	Common Stock	D	3188	$86.37	Disposed	37140	Direct
2021-01-04	Common Stock	M	4432	—	Acquired	41572	Direct
2021-01-04	Common Stock	D	4432	$86.37	Disposed	37140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-03	Phantom Stock Units	$	M	2033	Disposed	2021-01-03	Common Stock (2033)	Direct
2021-01-03	Phantom Stock Units	$	M	3188	Disposed	2021-01-03	Common Stock (3188)	Direct
2021-01-04	Phantom Stock Units	$	M	4432	Disposed	2021-01-04	Common Stock (4432)	Direct

Footnotes

F1: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.