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