LEVY ROBERT P 4
4 · PENN NATIONAL GAMING INC · Filed Feb 21, 2013
Insider Transaction Report
Form 4
LEVY ROBERT P
Director
Transactions
- Gift
Common Stock
2013-02-20−1,200→ 5,800 total - Gift
Common Stock
2013-02-20+1,200→ 1,800 total(indirect: By Spouse) - Award
Phantom Stock Unit
2013-02-19+5,091→ 5,091 total→ Common Stock (5,091 underlying)
Footnotes (3)
- [F1]This transaction involved a gift of securities by the reporting person to his spouse. Mr. Levy disclaims beneficial ownership of all of the shares owned by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
- [F2]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.
- [F3]The Phantom Stock Unit is scheduled to vest as follows: 1,273 units on February 19, 2014; 1,273 units on February 19, 2015; 1,273 units on February 19, 2016 and 1,272 units on February 19, 2017.