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