0001209191-21-026396.txt : 20210413
0001209191-21-026396.hdr.sgml : 20210413
20210413071812
ACCESSION NUMBER: 0001209191-21-026396
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210412
FILED AS OF DATE: 20210413
DATE AS OF CHANGE: 20210413
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Snowden Jay A
CENTRAL INDEX KEY: 0001532579
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-24206
FILM NUMBER: 21821995
MAIL ADDRESS:
STREET 1: 825 BERKSHIRE BOULEVARD
STREET 2: SUITE 200
CITY: WYOMISSING
STATE: PA
ZIP: 19610
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PENN NATIONAL GAMING INC
CENTRAL INDEX KEY: 0000921738
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 232234473
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 825 BERKSHIRE BLVD STE 200
STREET 2: WYOMISSING PROFESSIONAL CENTER
CITY: WYOMISSING
STATE: PA
ZIP: 19610
BUSINESS PHONE: 6103732400
MAIL ADDRESS:
STREET 1: 825 BERKSHIRE BLVD
STREET 2: SUITE 200
CITY: WYOMISSING
STATE: PA
ZIP: 19610
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-04-12
0
0000921738
PENN NATIONAL GAMING INC
PENN
0001532579
Snowden Jay A
825 BERKSHIRE BLVD., SUITE 200
WYOMISSING
PA
19610
1
1
0
0
President and CEO
Common Stock
2021-04-12
4
A
0
300000
0.00
A
491599
D
Common Stock
2021-04-12
4
A
0
38897
0.00
A
530496
D
The restricted stock granted to the reporting person has performance conditions tied to achievement of 60-day stock price hurdles during the period ending on December 31, 2025. The shares of restricted stock vest in annual 1/3 increments over three years following achievement of the performance conditions. To satisfy a stock price hurdle the closing price of the issuer's common stock must exceed the stock price hurdle for 60 consecutive trading days. The stock price hurdles are $132.00, 20,000 shares of common stock are earned, $140.94, 30,000 shares of common stock are earned, $186.04, 50,000 shares of common stock are earned, $245.58, 75,000 shares of common stock are earned and $324.16, 125,000 shares of common stock are earned.
This is the target amount of a performance-based restricted stock award issued to the reporting person for a three-year award period. The restricted stock remains subject to forfeiture for three years following the grant date.
/s/ Elliot D. Hoops, Attorney-In-Fact for Jay A. Snowden
2021-04-13