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Filing Details

Accession Number:: 0001179110-11-003223
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-23 15:52:17
Reporting Period:: 2011-02-18

Filing Date:: 2011-02-23
Accepted Time:: 2011-02-23 15:52:17
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	Chairman & Ceo	Yes	Yes	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	2011-02-18	4,200	$36.00	1,277,457	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

Mr. Carlino and his wife, Marshia W. Carlino, are joint owners of 357,775 of the shares reported as held by him directly.
The reporting person is also the indirect beneficial owner of (a) 7,551,290 shares which are owned by the Carlino Family Trust a 10% owner of the issuer of which Peter M. Carlino is a Trustee; and (b) 173,022 shares, which are owned by The Trust for Gary Gilbert, of which Peter M. Carlino is a Trustee. Peter M. Carlino disclaims beneficial ownership of the shares owned by each of the Carlino Family Trust and The Trust for Gary Gilbert, and this report should not be deemed an admission that Peter M. Carlino is the beneficial owner of such securities for the purpose of section 16 or any other purpose.
The reporting person is also the indirect beneficial owner of (a) 231,380 shares owned by a Grantor Retained Annuity Trust (a GRAT) executed by Peter M. Carlino on 9/23/05; (b) 21,659 shares owned by a GRAT executed by Peter M. Carlino on 5/19/06;(c) 139,216 shares owned by a GRAT executed by Peter M. Carlino on 11/20/08; and (d) 162,319 shares owned by a GRAT executed by Marshia W. Carlino on 11/20/08. Mr. Carlino is the Trustee of each of the GRATs. Mr. Carlino disclaims beneficial ownership of the shares owned by all of the GRATs, and this report should not be deemed an admission that Peter M. Carlino is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Mr. Carlino is also the indirect beneficial owner of 152,683 shares owned by his wife, Marshia W. Carlino, of which he disclaims beneficial ownership.
All transactions on this Form 4 were made pursuant to a stock trading plan, dated December 6, 2010, established pursuant to rule 10b5-1.