PENN NATIONAL GAMING INC 4
4 · PENN NATIONAL GAMING INC · Filed Feb 13, 2017
Insider Transaction Report
Form 4
CRAMER HAROLD
Director
Transactions
- Exercise/Conversion
Common Stock
2017-02-09+4,857→ 87,052 total - Disposition to Issuer
Common Stock
2017-02-09$14.02/sh−4,857$68,095→ 82,195 total - Exercise/Conversion
Phantom Stock Unit
2017-02-09−4,857→ 14,568 total→ Common Stock (4,857 underlying)
Footnotes (1)
- [F1]The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 4,857 units vested on February 9, 2017. The remaining phantom stock units will vest as follows: 4,856 units on each of February 9, 2018, February 9, 2019 and February 9, 2020.