JANE SCACCETTI - 03 Jan 2022 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role
Director
Signature
/s/ Cameron Williams, Attorney-In-Fact for Jane Scaccetti
Issuer symbol
PENN
Transactions as of
03 Jan 2022
Net transactions value
-$270,709
Form type
4
Filing time
05 Jan 2022, 17:22:39 UTC
Next filing
17 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise +2,033 +4.8% 44,011 03 Jan 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer $105,411 -2,033 -4.6% $51.85 41,978 03 Jan 2022 Direct
transaction PENN Common Stock Options Exercise +3,188 +7.6% 45,166 03 Jan 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer $165,298 -3,188 -7.1% $51.85 41,978 03 Jan 2022 Direct
transaction PENN Common Stock Award $0 +1,679 +4% $0.000000 43,657 04 Jan 2022 Direct F2
transaction PENN Common Stock Award $0 +4,937 +11% $0.000000 48,594 04 Jan 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PENN Phantom Stock Units Options Exercise -2,033 -100% 0 03 Jan 2022 Common Stock 2,033 Direct F1
transaction PENN Phantom Stock Units Options Exercise -3,188 -50% 3,188 03 Jan 2022 Common Stock 3,188 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.
F2 The securities reported are shares of restricted stock that vest on January 4, 2023. The reporting person elected to receive payment of fees for 2022 Board service in shares of restricted stock.
F3 The securities reported are shares of restricted stock that vest on January 4, 2023. The reporting person elected to receive the 2022 annual equity award for directors in shares of restricted stock.