Filing Details
- Accession Number:
- 0001209191-20-061665
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-12-03 19:14:44
- Reporting Period:
- 2020-12-01
- Accepted Time:
- 2020-12-03 19:14:44
- 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 |
|---|---|---|---|---|---|---|---|
| 1532579 | A Jay Snowden | 825 Berkshire Blvd., Suite 200 Wyomissing PA 19610 | President And Ceo | Yes | 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 | Acquisiton | 2020-12-01 | 21,970 | $11.61 | 182,490 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-12-01 | 21,970 | $70.00 | 160,520 | No | 4 | D | Direct | |
| Common Stock | Acquisiton | 2020-12-01 | 197,727 | $11.61 | 358,247 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-12-01 | 45,243 | $67.75 | 313,004 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-12-01 | 36,182 | $68.82 | 276,822 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-12-01 | 30,751 | $69.62 | 246,071 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-12-01 | 60,822 | $70.68 | 185,249 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2020-12-01 | 10,442 | $71.13 | 174,807 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | 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 Appreciation Rights | Disposition | 2020-12-01 | 21,970 | $0.00 | 21,970 | $11.61 |
| Common Stock | Stock Options (Right to Buy) | Disposition | 2020-12-01 | 197,727 | $0.00 | 197,727 | $11.61 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-02-24 | No | 4 | M | Direct | |
| 0 | 2021-02-24 | No | 4 | M | Direct |
Footnotes
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.23 to $68.20, 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 $68.22 to $69.21, 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 $69.22 to $70.20, 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 $70.21 to $71.00, 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 $71.01 to $71.29, 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 appreciation rights vested in four annual installments beginning on February 24, 2015.
- The stock appreciation rights exercised by the reporting person on December 1, 2020 were scheduled to expire on February 24, 2021.
- In connection with the exercise of 197,727 stock options, the reporting person sold 183,440 shares of common stock as reported in Table I of this Form 4. In addition, the reporting person retained 14,287 shares of common stock, which are worth $1,000,518.61 based on the closing price per share of the Company's common stock on December 1, 2020 of $70.03.
- The stock options vested in four annual installments beginning on February 24, 2015.
- The stock options exercised by the reporting person on December 1, 2020 were scheduled to expire on February 24, 2021.
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