Peter M. Carlino - Jun 22, 2021 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role
Chairman Emeritus
Signature
/s/ Harper Ko, Attorney-In-Fact for Peter M. Carlino
Stock symbol
PENN
Transactions as of
Jun 22, 2021
Transactions value $
$0
Form type
4
Date filed
6/24/2021, 04:26 PM
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Other $0 +181K +16.98% $0.00 1.25M Jun 22, 2021 By Trusts F1, F2, F3
holding PENN Common Stock 596K Jun 22, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a portion of the shares acquired by Peter M. Carlino in June 2019 as a beneficiary under the Carlino Family Trust in connection with estate planning for Mr. Carlino. The shares reported on this Form 4 are now being transferred back to the Carlino Family Trust.
F2 Includes 883,300 shares held by the Carlino Family Trust. The reporting person is a trustee of the trust with shared voting and investment power. The reporting person disclaims beneficial ownership of the shares owned by the trust, except to the extent of his pecuniary interest therein, 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.
F3 Includes 365,212 shares owned by a residuary trust for the benefit of Peter D. Carlino and Peter D. Carlino's children. The reporting person is a trustee of the residuary trust with shared voting and investment power. The reporting person disclaims beneficial ownership of the shares owned by the residuary trust, except to the extent of his pecuniary interest therein, 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.