Filing Details

Accession Number:
0001179110-16-032343
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-12-02 17:19:09
Reporting Period:
2016-11-30
Filing Date:
2016-12-02
Accepted Time:
2016-12-02 17:19:09
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-11-30 84,123 $9.70 296,807 No 4 M Direct
Common Stock Disposition 2016-11-30 84,123 $13.26 212,684 No 4 S Direct
Common Stock Acquisiton 2016-11-30 84,123 $6.34 296,807 No 4 M Direct
Common Stock Disposition 2016-11-30 84,123 $13.26 212,684 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Options (right to buy) Disposition 2016-11-30 84,123 $0.00 84,123 $9.70
Common Stock Non-Qualified Stock Options (right to buy) Disposition 2016-11-30 84,123 $0.00 84,123 $6.34
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2011-01-02 2017-01-02 No 4 M Direct
0 2014-01-02 2017-01-02 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 6,124,528 Indirect By Trusts
Footnotes
  1. The options subject to the transactions reported on this Form 4 would have expired on January 2, 2017.
  2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.10 to $13.58. 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 purchased at each separate price within the ranges set forth in the footnote to this Form 4.
  3. Includes 5,759,316 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.
  4. 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 is a trustee of the residuary trust with shared voting and investment power. 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.