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Filing Details

Accession Number:: 0001179110-14-007307
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-04-29 15:47:45
Reporting Period:: 2014-04-25

Filing Date:: 2014-04-29
Accepted Time:: 2014-04-29 15:47:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
921738	Penn National Gaming Inc	PENN	Hotels & Motels (7011)	232234473

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1211342	M Peter Carlino	825 Berkshire Blvd Suite 200 Wyomissing PA 19610		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-04-25	153,000	$11.32	62,000	No	4	S	Indirect	By Estate

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Estate

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	6,777,015	Indirect	By Trusts
Common Stock	52,034	Direct

Footnotes

The sale of these shares was required to permit the Estate of Peter D. Carlino to repay a loan to a financial institution which has matured.
On April 11, 2014, 215,000 shares of common stock of the issuer held by the Carlino Family Trust f/b/o Peter D. Carlino were transferred to the Estate of Peter D. Carlino (the "Estate") and on April 25, 2014, the Estate sold 153,000 shares. The reporting person is an executor of the Estate and has shared voting and investment power over the shares. Mr. Carlino disclaims beneficial ownership of the shares owned by the Estate, except to the extent to of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Includes 365,212 shares owned by a residuary trust for the benefit of Peter D. Carlino and Peter D. Carlino's children. The reporting person became a trustee of the residuary trust with shared voting and investment power upon the death of Peter D. Carlino on November 29, 2013. These shares were unintentionally omitted from the Form 4s filed between November 29, 2013 to date. The reporting person disclaims beneficial ownership of the shares owned by the residuary trust, except to the extent to of his pecuniary interest therein, and this report should not be deemed an admission the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Includes 6,411,803 shares held by the Carlino Family Trust, as to which Peter M. Carlino has sole voting power for certain matters. The reporting person disclaims beneficial ownership of the shares owned by the trust, except to the extent to of his pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.