PENN NATIONAL GAMING INC 4
4 · PENN NATIONAL GAMING INC · Filed Feb 11, 2016
Insider Transaction Report
Form 4
CRAMER HAROLD
Director
Transactions
- Award
Phantom Stock Units
2016-02-09+19,425→ 19,425 total→ Common Stock (19,425 underlying)
Footnotes (2)
- [F1]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.
- [F2]The phantom stock units are scheduled to vest as follows: 4,857 units on February 9, 2017; 4,856 units on February 9, 2018; 4,856 units on February 9, 2019 and 4,856 units on February 9, 2020.