Jay A. Snowden - Oct 4, 2021 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role
President and CEO, Director
Signature
/s/ Harper Ko, Attorney-in-Fact for Jay A. Snowden
Stock symbol
PENN
Transactions as of
Oct 4, 2021
Transactions value $
-$9,503,344
Form type
4
Date filed
10/6/2021, 04:12 PM
Previous filing
Sep 15, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise $1.18M +89.4K +16.85% $13.19 620K Oct 4, 2021 Direct
transaction PENN Common Stock Sale -$6.87M -89.4K -14.42% $76.84 530K Oct 4, 2021 Direct F1, F2
transaction PENN Common Stock Options Exercise $700K +53.1K +10.01% $13.19 584K Oct 4, 2021 Direct
transaction PENN Common Stock Sale -$4.13M -53.1K -9.1% $77.77 530K Oct 4, 2021 Direct F1, F3
transaction PENN Common Stock Options Exercise $77.8K +5.9K +1.11% $13.19 536K Oct 4, 2021 Direct
transaction PENN Common Stock Sale -$463K -5.9K -1.1% $78.39 530K Oct 4, 2021 Direct F1, F4

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 Stock Options (Right to Buy) Options Exercise $0 -148K -100% $0.00* 0 Oct 4, 2021 Common Stock 148K $13.19 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 October 4, 2021 are scheduled to expire on January 6, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.25 to $77.24, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.25 to $78.22, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.25 to $78.41, 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 (4) to this Form 4.
F5 The stock options vested in four annual installments beginning on January 6, 2016.