Jane Scaccetti - Jan 3, 2022 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role
Director
Signature
/s/ Cameron Williams, Attorney-In-Fact for Jane Scaccetti
Stock symbol
PENN
Transactions as of
Jan 3, 2022
Transactions value $
-$270,709
Form type
4
Date filed
1/5/2022, 05:22 PM
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise +2.03K +4.84% 44K Jan 3, 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer -$105K -2.03K -4.62% $51.85 42K Jan 3, 2022 Direct
transaction PENN Common Stock Options Exercise +3.19K +7.59% 45.2K Jan 3, 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer -$165K -3.19K -7.06% $51.85 42K Jan 3, 2022 Direct
transaction PENN Common Stock Award $0 +1.68K +4% $0.00 43.7K Jan 4, 2022 Direct F2
transaction PENN Common Stock Award $0 +4.94K +11.31% $0.00 48.6K Jan 4, 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 -2.03K -100% 0 Jan 3, 2022 Common Stock 2.03K Direct F1
transaction PENN Phantom Stock Units Options Exercise -3.19K -50% 3.19K Jan 3, 2022 Common Stock 3.19K 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.