Sottosanti Carl 4
4 · PENN NATIONAL GAMING INC · Filed Dec 2, 2020
Insider Transaction Report
Form 4
Sottosanti Carl
Sr. Vice President/Gen Counsel
Transactions
- Sale
Common Stock
2020-11-30$72.19/sh−12,713$917,751→ 55,748 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-11-30−20,180→ 60,537 totalExercise: $19.45Exp: 2029-01-03→ Common Stock (20,180 underlying) - Exercise/Conversion
Common Stock
2020-11-30$19.45/sh+20,180$392,501→ 82,358 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-11-30−24,292→ 24,291 totalExercise: $30.74Exp: 2025-01-03→ Common Stock (24,292 underlying) - Exercise/Conversion
Common Stock
2020-11-30$30.74/sh+24,292$746,736→ 62,178 total - Sale
Common Stock
2020-11-30$71.73/sh−18,643$1,337,262→ 63,715 total - Sale
Common Stock
2020-11-30$73.17/sh−17,862$1,306,963→ 37,886 total - Sale
Common Stock
2020-11-30$71.56/sh−18,087$1,294,306→ 68,461 total - Sale
Common Stock
2020-11-30$72.50/sh−15,729$1,140,353→ 47,986 total - Sale
Common Stock
2020-11-30$73.16/sh−10,100$738,916→ 37,886 total
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.95, 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 (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.86, 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.28, 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 (3) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.28 to $71.99, 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 (4) to this Form 4.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.99, 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 (5) to this Form 4.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.25, 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 (6) to this Form 4.
- [F7]The stock options vest in four annual installments beginning on January 3, 2019.
- [F8]The stock options vest in four annual installments beginning on January 3, 2020.