0001209191-20-042888.txt : 20200717 0001209191-20-042888.hdr.sgml : 20200717 20200717165534 ACCESSION NUMBER: 0001209191-20-042888 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200715 FILED AS OF DATE: 20200717 DATE AS OF CHANGE: 20200717 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sottosanti Carl CENTRAL INDEX KEY: 0001598259 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 201034233 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BOULEVARD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 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 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-07-15 0 0000921738 PENN NATIONAL GAMING INC PENN 0001598259 Sottosanti Carl 825 BERKSHIRE BLVD., SUITE 200 WYOMISSING PA 19610 0 1 0 0 EVP, General Counsel and Sec. Common Stock 2020-07-15 4 M 0 6439 11.61 A 92987 D Common Stock 2020-07-15 4 D 0 6439 31.30 D 86548 D Common Stock 2020-07-15 4 M 0 57955 11.61 A 144503 D Common Stock 2020-07-15 4 M 0 74686 13.19 A 219189 D Common Stock 2020-07-15 4 S 0 132641 31.94 D 86548 D Stock Appreciation Right 11.61 2020-07-15 4 M 0 6439 0.00 D 2021-02-24 Common Stock 6439 0 D Stock Options (Right to Buy) 11.61 2020-07-15 4 M 0 57955 0.00 D 2021-02-24 Common Stock 57955 0 D Stock Options (Right to Buy) 13.19 2020-07-15 4 M 0 74686 0.00 D 2022-01-06 Common Stock 74686 0 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2020. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.25 to $32.37, 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. The stock appreciation rights vested in four installments on February 24, 2015, February 24, 2016, February 24, 2017 and February 24, 2018. The stock options vested in four installments on February 24, 2015, February 24, 2016, February 24, 2017 and February 24, 2018. The stock options vested in four installments on January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019. /s/ Elliot D. Hoops, Attorney-in-Fact for Carl Sottosanti 2020-07-17