0001179110-14-003768.txt : 20140226 0001179110-14-003768.hdr.sgml : 20140226 20140226184043 ACCESSION NUMBER: 0001179110-14-003768 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140224 FILED AS OF DATE: 20140226 DATE AS OF CHANGE: 20140226 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PENN NATIONAL GAMING INC CENTRAL INDEX KEY: 0000921738 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 232234473 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 825 BERKSHIRE BLVD STE 200 STREET 2: WYOMISSING PROFESSIONAL CENTER CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 6103732400 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BLVD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WILMOTT TIMOTHY J CENTRAL INDEX KEY: 0001200753 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 14646210 4 1 edgar.xml FORM 4 - X0306 4 2014-02-24 1 0000921738 PENN NATIONAL GAMING INC PENN 0001200753 WILMOTT TIMOTHY J 825 BERKSHIRE BLVD SUITE 200 WYOMISSING PA 19610 0 1 0 0 President & CEO Non Qualified Stock Options (right to buy) 11.61 2014-02-24 4 A 0 454545 0 A 2021-02-24 Common Stock 454545 454545 D Stock Appreciation Right 11.61 2014-02-24 4 A 0 50505 0 A 2021-02-24 Common Stock 50505 50505 D Phantom Stock Unit 2014-02-24 4 A 0 62368 0 A Common Stock 62368 62368 D The Non-Qualified Stock Option is scheduled to vest as follows: 113,637 options on February 24, 2015; 113,636 options on February 24, 2016; 113,636 options on February 24, 2017 and 113,636 options on February 24, 2018. The Stock Appreciation Right is scheduled to vest as follows: 12,627 rights on February 24, 2015; 12,626 rights on February 24, 2016; 12,626 rights on February 24, 2017 and 12,626 on February 24, 2018. Upon vesting, the recipient is entitled to a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's common stock. The Phantom Stock Unit is scheduled to vest over 4 years at 25% per year on the anniversary date of the grant. /s/Robert S Ippolito as attorney-in-fact for Timothy J Wilmott 2014-02-26