PENN

SEC source: 0001179110-17-013405 · edgar.xml · derivative · entry 8

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,469

Underlying: Common Stock · 91,531 shares

Expires 2018-10-11

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.

F6 · derivative.exercise_date: The option award, representing a right to purchase 150,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning October 11, 2012, and would have expired on October 11, 2018.

SEC source: 0001179110-17-013405 · edgar.xml · derivative · entry 7

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 10,000 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.

F5 · derivative.exercise_date: The option award, representing a right to purchase 10,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2013.

SEC source: 0001179110-17-013405 · edgar.xml · nonDerivative · entry 4

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,281

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

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.00 to $25.20. 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: 0001179110-17-013405 · edgar.xml · nonDerivative · entry 3

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 127,812

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: 0001179110-17-013405 · edgar.xml · nonDerivative · entry 2

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,281

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

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.00 to $25.14. 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: 0001179110-17-013405 · edgar.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,281

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: 0001179110-17-013374 · edgar.xml · derivative · entry 8

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,344

Underlying: Common Stock · 11,159 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013374 · edgar.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.00 to $24.11. 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: 0001179110-17-013374 · edgar.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 466,859

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, 2018.

SEC source: 0001179110-17-013374 · edgar.xml · derivative · entry 7

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,503

Underlying: Common Stock · 400 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013374 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

SEC source: 0001179110-17-013374 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,100

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, 2018.

SEC source: 0001179110-17-013282 · edgar.xml · derivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,903

Underlying: Common Stock · 726 shares

Expires 2018-01-03

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.

F3 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013282 · edgar.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

SEC source: 0001179110-17-013282 · edgar.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,426

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, 2018.

SEC source: 0001179110-17-013282 · edgar.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,629

Underlying: Common Stock · 935 shares

Expires 2018-01-03

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.

F3 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013282 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.00 to $24.04. 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: 0001179110-17-013282 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,635

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, 2018.

SEC source: 0001179110-17-013226 · edgar.xml · derivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,564

Underlying: Common Stock · 20,020 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013226 · edgar.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.00 to $24.29. 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: 0001179110-17-013226 · edgar.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 475,720

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, 2018.

SEC source: 0001179110-17-013226 · edgar.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,584

Underlying: Common Stock · 64,416 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-013226 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.00 to $24.62. 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: 0001179110-17-013226 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 520,116

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, 2018.

SEC source: 0001179110-17-012771 · edgar.xml · derivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 70,781 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-012771 · edgar.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.01 to $23.21. 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: 0001179110-17-012771 · edgar.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 526,481

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, 2018.

SEC source: 0001179110-17-012771 · edgar.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 170,781

Underlying: Common Stock · 23,419 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-012771 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

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, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.00 to $23.54. 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: 0001179110-17-012771 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 479,119

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, 2018.

SEC source: 0001179110-17-012609 · edgar.xml · derivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,200

Underlying: Common Stock · 400 shares

Expires 2018-01-03

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.

F2 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-012609 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

F1 · security: These 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, 2018.

SEC source: 0001179110-17-012609 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,100

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: These 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, 2018.

SEC source: 0001179110-17-012491 · edgar.xml · derivative · entry 6

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 194,600

Underlying: Common Stock · 500 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-012491 · edgar.xml · nonDerivative · entry 4

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

F1 · security: These 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, 2018.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.00 to $23.03. 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: 0001179110-17-012491 · edgar.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 456,200

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: These 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, 2018.

SEC source: 0001179110-17-012491 · edgar.xml · derivative · entry 5

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,100

Underlying: Common Stock · 4,900 shares

Expires 2018-01-03

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.

F4 · derivative.exercise_date: The option award, representing a right to purchase 200,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012 and expiring on January 3, 2018.

SEC source: 0001179110-17-012491 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 455,700

F1 · security: These 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, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.00 to $23.06. 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: 0001179110-17-012491 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 460,600

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: These 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, 2018.

SEC source: 0001179110-17-012004 · 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 2018-01-03

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.

F3 · derivative.exercise_date: The option award, representing a right to purchase 20,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning January 3, 2012.

SEC source: 0001179110-17-012004 · edgar.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,831

F1 · security: The options subject to the transaction reported on this Form 4 would have expired on January 3, 2018.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.00 to $22.03. 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: 0001179110-17-012004 · edgar.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,831

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, 2018.

SEC source: 0001179110-17-012002 · edgar.xml · nonDerivative · entry 1

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,975

SEC source: 0001179110-17-011879 · edgar.xml · derivative · entry 3

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 50,000 shares

Expires 2018-10-11

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.

F2 · derivative.exercise_date: The option award, representing a right to purchase 150,000 shares, became exercisable in four equal installments on the anniversary date of the grant, beginning October 11, 2012.

SEC source: 0001179110-17-011879 · edgar.xml · nonDerivative · entry 2

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,281

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.65 to $21.01. 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: 0001179110-17-011879 · edgar.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,281

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: 0001179110-17-010654 · edgar.xml · derivative · entry 3

Fair William J · CIK 0001611168 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 28,735 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 unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · price: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · derivative.exercise_date: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · derivative.expiration_date: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

SEC source: 0001179110-17-010654 · edgar.xml · nonDerivative · entry 2

Fair William J · CIK 0001611168 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,189

SEC source: 0001179110-17-010654 · edgar.xml · nonDerivative · entry 1

Fair William J · CIK 0001611168 · EVP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,924

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 unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · price: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

SEC source: 0001179110-17-010657 · 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 · 114,942 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 unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · price: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · derivative.exercise_date: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.

F1 · derivative.expiration_date: The recipient receives a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's stock. Represents the last vesting of phantom stock units granted on July 23, 2014 to all executive officers in connection with one-time equity awards made in 2014 under the Transition Award Program.