X0306 4 2018-10-15 1 0001656239 Pinnacle Entertainment, Inc. PNK 0001222385 STUDENMUND JAYNIE M C/O PINNACLE ENTERTAINMENT, INC. 3980 HOWARD HUGHES PARKWAY LAS VEGAS NV 89169 1 0 0 0 Common Stock 2018-10-15 4 D 0 74730 D 0 D Disposed of pursuant to the Agreement and Plan of Merger, dated as of December 17, 2017 (the "Merger Agreement," and the merger contemplated thereby, the "Merger"), by and among Pinnacle Entertainment, Inc. (the "Issuer"), Penn National Gaming, Inc. ("Penn") and Franchise Merger Sub, Inc. Disposed of pursuant to the Merger Agreement, whereby at the effective time of the Merger (the "Effective Time") each share of Issuer common stock was cancelled and automatically converted into the right to receive $20 in cash, and 0.42 shares of Penn common stock (together, the "Merger Consideration"), with the fractional shares being paid in cash as provided in the Merger Agreement. /s/ Elliot D. Hoops, Attorney-In-Fact for Jaynie Miller Studemnund 2018-10-16