Filing Details
- Accession Number:
- 0001209191-20-061269
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-12-02 18:24:37
- Reporting Period:
- 2020-11-30
- Accepted Time:
- 2020-12-02 18:24:37
- 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 |
|---|---|---|---|---|---|---|---|
| 1598259 | Carl Sottosanti | 825 Berkshire Blvd., Suite 200 Wyomissing PA 19610 | Evp, General Counsel And Sec. | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2020-11-30 | 18,087 | $71.56 | 68,461 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-11-30 | 12,713 | $72.19 | 55,748 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-11-30 | 17,862 | $73.17 | 37,886 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2020-11-30 | 24,292 | $30.74 | 62,178 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-11-30 | 20,180 | $19.45 | 82,358 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-11-30 | 18,643 | $71.73 | 63,715 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-11-30 | 15,729 | $72.50 | 47,986 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-11-30 | 10,100 | $73.16 | 37,886 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (Right to Buy) | Disposition | 2020-11-30 | 24,292 | $0.00 | 24,292 | $30.74 |
| Common Stock | Stock Options (Right to Buy) | Disposition | 2020-11-30 | 20,180 | $0.00 | 20,180 | $19.45 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 24,291 | 2025-01-03 | No | 4 | M | Direct | |
| 60,537 | 2029-01-03 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.95, 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 (1) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.86, 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.28, 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.28 to $71.99, 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 (4) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.99, 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 (5) to this Form 4.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.25, 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 (6) to this Form 4.
- The stock options vest in four annual installments beginning on January 3, 2019.
- The stock options vest in four annual installments beginning on January 3, 2020.
Billionaire Hedge Funds
