Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-21-043022
Date:2021-06-22
Issuer: PENN NATIONAL GAMING INC (PENN)
Original Submission Date:

Reporting Person:

CARLINO PETER M
825 BERKSHIRE BLVD., SUITE 200
WYOMISSING, PA 19610

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-06-22 J 181,192 a $0.00 1,248,512 indirect f2,f3
COMMON STOCK 2021-06-22 0 $0.00 596,453 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
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.

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