X0306 4 2013-02-19 0 0000921738 PENN NATIONAL GAMING INC PENN 0001218157 LEVY ROBERT P 825 BERKSHIRE BLVD SUITE 200 WYOMISSING PA 19610 1 0 0 0 Common Stock 2013-02-20 5 G 0 E 1200 0 D 5800 D Common Stock 2013-02-20 5 G 0 E 1200 0 A 1800 I By Spouse Phantom Stock Unit 2013-02-19 4 A 0 5091 0 A Common Stock 5091 5091 D This transaction involved a gift of securities by the reporting person to his spouse. Mr. Levy disclaims beneficial ownership of all of the shares owned by his spouse, 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. 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. The Phantom Stock Unit is scheduled to vest as follows: 1,273 units on February 19, 2014; 1,273 units on February 19, 2015; 1,273 units on February 19, 2016 and 1,272 units on February 19, 2017. /s/Robert S Ippolito as attorney-in-fact for Robert P Levy 2013-02-21