Filing Details

Accession Number:
0001209191-21-009500
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-02-10 21:50:44
Reporting Period:
2021-02-08
Accepted Time:
2021-02-10 21:50:44
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
1495392 Saul Reibstein 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 2021-02-08 10,000 $12.87 38,344 No 4 M Direct
Common Stock Disposition 2021-02-08 2,000 $122.52 36,344 No 4 S Direct
Common Stock Disposition 2021-02-08 790 $124.37 35,554 No 4 S Direct
Common Stock Disposition 2021-02-08 7,210 $125.73 28,344 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2021-02-08 10,000 $0.00 10,000 $12.87
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
44,543 2023-02-09 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 150 Indirect By Spouse
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.20 to $122.82, 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.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.15 to $124.77, 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.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.01 to $125.85, 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.
  4. Mr. Reibstein disclaims beneficial ownership of all of the shares owned by his spouse, 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.
  5. The stock options vested in four installments on February 9, 2017, February 9, 2018, February 9, 2019, and February 9, 2020.