Filing Details

Accession Number:
0001140361-22-047477
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-12-29 19:22:59
Reporting Period:
2022-12-27
Accepted Time:
2022-12-29 19:22:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
921738 Penn Entertainment 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 No 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 2022-12-27 237,437 $12.87 768,002 No 4 M Direct
Common Stock Disposition 2022-12-27 163,475 $30.12 604,527 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Stock Options (Right to Buy) Disposition 2022-12-27 237,437 $0.00 237,437 $12.87
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2023-02-09 No 4 M Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The stock options exercised by the reporting person on December 27, 2022 are scheduled to expire on February 9, 2023. This was a broker-assisted cashless exercise and hold transaction and therefore the proceeds from the sales were used solely to pay the exercise price, cover withholding taxes and pay broker fees and commissions.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.79 to $30.48, inclusive. The reporting person undertakes to provide to Penn Entertainment, Inc., any security holder of Penn Entertainment, 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 stock options vested in four annual installments beginning on February 9, 2017.