PENN

SEC source: 0001179110-19-000506 · edgar.xml · derivative · entry 5

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,099

Underlying: Common Stock · 2,034 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.exercise_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.expiration_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000506 · edgar.xml · nonDerivative · entry 2

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

SEC source: 0001179110-19-000506 · edgar.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,034

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000504 · edgar.xml · derivative · entry 6

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,099

Underlying: Common Stock · 2,034 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.exercise_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.expiration_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000504 · edgar.xml · nonDerivative · entry 3

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 146,448

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 4,285 shares on January 3, 2020; 4,284 shares on January 2, 2021 and 4,284 shares on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000504 · edgar.xml · nonDerivative · entry 2

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 133,595

SEC source: 0001179110-19-000504 · edgar.xml · nonDerivative · entry 1

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,629

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000510 · edgar.xml · derivative · entry 7

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,099

Underlying: Common Stock · 2,034 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.exercise_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.expiration_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000510 · edgar.xml · nonDerivative · entry 3

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,017

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 4,285 shares on January 3, 2020; 4,284 shares on January 2, 2021 and 4,284 shares on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000510 · edgar.xml · nonDerivative · entry 2

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,164

SEC source: 0001179110-19-000510 · edgar.xml · nonDerivative · entry 1

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,198

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000508 · edgar.xml · nonDerivative · entry 1

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,886

F1 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 5,313 shares on January 3, 2020; 5,313 shares on January 2, 2021 and 5,312 shares on January 3, 2022. The reporting person elected to receive payment of fees for 2019 board and committee service and the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000503 · edgar.xml · derivative · entry 6

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,099

Underlying: Common Stock · 2,034 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.exercise_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · derivative.expiration_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000503 · edgar.xml · nonDerivative · entry 3

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,938

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 5,313 shares on January 3, 2020; 5,313 shares on January 2, 2021 and 5,312 shares on January 3, 2022. The reporting person elected to receive payment of fees for 2019 board and committee service and the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000503 · edgar.xml · nonDerivative · entry 2

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 120,000

SEC source: 0001179110-19-000503 · edgar.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 122,034

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 2,034 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 2,033 units on January 4, 2020; 2,033 units on January 3, 2021 and 2,033 units on January 3, 2022.

SEC source: 0001179110-19-000502 · edgar.xml · derivative · entry 7

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,280

Underlying: Common Stock · 19,280 shares

Expires not disclosed

F5 · derivative.exercise_price: The recipient will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The phantom stock units are scheduled to vest as follows: 6,427 units on January 3, 2020; 6,427 units on January 3, 2021; and 6,426 units on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of phantom stock units.

F5 · price: The recipient will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The phantom stock units are scheduled to vest as follows: 6,427 units on January 3, 2020; 6,427 units on January 3, 2021; and 6,426 units on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of phantom stock units.

F5 · derivative.exercise_date: The recipient will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The phantom stock units are scheduled to vest as follows: 6,427 units on January 3, 2020; 6,427 units on January 3, 2021; and 6,426 units on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of phantom stock units.

F5 · derivative.expiration_date: The recipient will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The phantom stock units are scheduled to vest as follows: 6,427 units on January 3, 2020; 6,427 units on January 3, 2021; and 6,426 units on January 3, 2022. The reporting person elected to receive the 2019 annual equity award to directors in the form of phantom stock units.

SEC source: 0001179110-19-000502 · edgar.xml · derivative · entry 6

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,149

Underlying: Common Stock · 3,050 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

F1 · derivative.exercise_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

F1 · derivative.expiration_date: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

SEC source: 0001179110-19-000502 · edgar.xml · nonDerivative · entry 2

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 325,256

SEC source: 0001179110-19-000502 · edgar.xml · nonDerivative · entry 1

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 328,306

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

F1 · price: The recipient receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. Of the original award of phantom stock units, 3,050 units vested on January 3, 2019. The remaining phantom stock units are scheduled to vest as follows: 3,050 units on January 4, 2020; 3,050 units on January 3, 2021 and 3,049 units on January 3, 2022.

SEC source: 0001179110-19-000500 · edgar.xml · derivative · entry 1

Fair William J · CIK 0001611168 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,218

Underlying: Common Stock · 86,218 shares

Expires 2029-01-03

F1 · derivative.exercise_date: Vests over four years on the anniversary date of grant as follows: 21,555 shares on January 3, 2020; 21,555 shares on January 3, 2021; 21,554 shares on January 3, 2022; and 21,554 shares on January 3, 2023.

SEC source: 0001179110-19-000499 · edgar.xml · derivative · entry 1

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 156,203

Underlying: Common Stock · 156,203 shares

Expires 2029-01-03

F1 · derivative.exercise_date: Vests over four years on the anniversary date of grant as follows: 39,051 shares on January 3, 2020; 39,051 shares on January 3, 2021; 39,051 shares on January 3, 2022; and 39,050 shares on January 3, 2023.

SEC source: 0001179110-19-000498 · edgar.xml · derivative · entry 1

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 356,805

Underlying: Common Stock · 356,805 shares

Expires 2029-01-03

F1 · derivative.exercise_date: Vests over four years on the anniversary date of grant as follows: 89,202 shares on January 3, 2020; 89,201 shares on January 3, 2021; 89,201 shares on January 3, 2022; and 89,201 shares on January 3, 2023.

SEC source: 0001179110-19-000710 · edgar.xml · nonDerivative · entry 2

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,863

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 4,285 shares on January 3, 2020; 4,284 shares on January 2, 2021 and 4,284 shares on January 3, 2022. The reporting person elected to receive payment of the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000710 · edgar.xml · nonDerivative · entry 1

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,010

F1 · security: Restricted Stock Award with forfeiture restrictions lapsing on January 3, 2020. The reporting person elected to receive payment of fees for 2019 board and committee service in the form of Restricted Stock. This Form 4 clarifies the amount of the Restricted Stock Award received for board and committee fees and when the forfeiture restrictions lapse for such award. The lapse of forfeiture restrictions was previously reported as three years.

SEC source: 0001179110-19-000709 · edgar.xml · nonDerivative · entry 2

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,886

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 4,285 shares on January 3, 2020; 4,284 shares on January 2, 2021 and 4,284 shares on January 3, 2022. The reporting person elected to receive payment of the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000709 · edgar.xml · nonDerivative · entry 1

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,033

F1 · security: Restricted Stock Award with forfeiture restrictions lapsing on January 3, 2020. The reporting person elected to receive payment of fees for 2019 board and committee service in the form of Restricted Stock. This Form 4 clarifies the amount of the Restricted Stock Award received for board and committee fees and when the forfeiture restrictions lapse for such award. The lapse of forfeiture restrictions was previously reported as three years.

SEC source: 0001179110-19-000708 · edgar.xml · nonDerivative · entry 2

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,938

F2 · security: Restricted Stock Award with forfeiture restrictions lapsing in installments as follows: 4,285 shares on January 3, 2020; 4,284 shares on January 2, 2021 and 4,284 shares on January 3, 2022. The reporting person elected to receive payment of the 2019 annual equity award to directors in the form of Restricted Stock.

SEC source: 0001179110-19-000708 · edgar.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 123,085

F1 · security: Restricted Stock Award with forfeiture restrictions lapsing on January 3, 2020. The reporting person elected to receive payment of fees for 2019 board and committee service in the form of Restricted Stock. This Form 4 clarifies the amount of the Restricted Stock Award received for board and committee fees and when the forfeiture restrictions lapse for such award. The lapse of forfeiture restrictions was previously reported as three years.

SEC source: 0001179110-18-013754 · edgar.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

SEC source: 0001179110-18-013559 · edgar.xml · derivative · entry 3

Sottosanti Carl · CIK 0001598259 · EVP,Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 20,000 shares

Expires 2019-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-013559 · edgar.xml · nonDerivative · entry 2

Sottosanti Carl · CIK 0001598259 · EVP,Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,119

F1 · security: The options subject to the transaction reported on this Form 4 would have expired on January 3, 2019.

F2 · balance_after: No shares were sold by the reporting person in connection with the exercise of the options. The reporting person paid the exercise price with a combination of cash and the surrender of shares to the company. As a result of the exercise of the options, the reporting person acquired a total of 11,283 shares.

SEC source: 0001179110-18-013559 · edgar.xml · nonDerivative · entry 1

Sottosanti Carl · CIK 0001598259 · EVP,Gen Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,836

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The options subject to the transaction reported on this Form 4 would have expired on January 3, 2019.

SEC source: 0001179110-18-013556 · edgar.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,000

SEC source: 0001179110-18-013428 · edgar.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,500

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-013555 · edgar.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,500

F1 · kind: This filing corrects the transaction code.

SEC source: 0001179110-18-013075 · edgar.xml · derivative · entry 4

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 84,123 shares

Expires 2019-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-013075 · edgar.xml · nonDerivative · entry 2

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 325,256

F1 · security: The options subject to the transactions reported on this Form 4 would have expired on January 3, 2019.

SEC source: 0001179110-18-013075 · edgar.xml · nonDerivative · entry 1

CARLINO PETER M · CIK 0001211342 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 381,939

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The options subject to the transactions reported on this Form 4 would have expired on January 3, 2019.

SEC source: 0001179110-18-012997 · edgar.xml · nonDerivative · entry 1

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,925

SEC source: 0001179110-18-010973 · edgar.xml · derivative · entry 4

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,636

Underlying: Common Stock · 6,694 shares

Expires 2022-01-06

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-010973 · edgar.xml · nonDerivative · entry 2

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,948

F1 · security: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1.

SEC source: 0001179110-18-010973 · edgar.xml · nonDerivative · entry 1

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,642

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1.

SEC source: 0001179110-18-010673 · edgar.xml · nonDerivative · entry 1

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 612,867

SEC source: 0001179110-18-010143 · edgar.xml · nonDerivative · entry 1

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,925

SEC source: 0001179110-18-009815 · edgar.xml · derivative · entry 3

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 5,987 shares

Expires 2019-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-009815 · edgar.xml · nonDerivative · entry 2

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 512,867

F1 · security: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1. The options subject to the transactions reported on this Form 4 would have expired on January 3, 2019.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.10 to $36.73. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.

SEC source: 0001179110-18-009815 · edgar.xml · nonDerivative · entry 1

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 518,854

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1. The options subject to the transactions reported on this Form 4 would have expired on January 3, 2019.

SEC source: 0001179110-18-009683 · edgar.xml · derivative · entry 9

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,987

Underlying: Common Stock · 64,733 shares

Expires 2019-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001179110-18-009683 · edgar.xml · nonDerivative · entry 6

WILMOTT TIMOTHY J · CIK 0001200753 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 512,867

F1 · security: The transactions on this Form 4 were made pursuant to a stock trading plan established pursuant to rule 10b5-1. The options subject to the transactions reported on this Form 4 would have expired on January 3, 2019.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $36.31 to $36.85. The reporting person undertakes to provide to Penn National Gaming, Inc., any security holder of Penn National Gaming, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in the footnote to this Form 4.