PENN

SEC source: 0001209191-21-001196 · doc4.xml · nonDerivative · entry 4

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,564

SEC source: 0001209191-21-001196 · doc4.xml · nonDerivative · entry 3

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,848

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 · price: The reporting person 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.

SEC source: 0001209191-21-001196 · doc4.xml · nonDerivative · entry 2

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,564

SEC source: 0001209191-21-001196 · doc4.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,597

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 · price: The reporting person 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.

SEC source: 0001209191-21-001086 · doc4.xml · derivative · entry 5

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,033

Underlying: Common Stock · 2,033 shares

Expires 2021-01-03

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.

F1 · derivative.exercise_price: The reporting person 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.

F1 · price: The reporting person 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.

SEC source: 0001209191-21-001086 · doc4.xml · nonDerivative · entry 2

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 158,690

SEC source: 0001209191-21-001086 · doc4.xml · nonDerivative · entry 1

JACQUEMIN JOHN M · CIK 0001218091 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,723

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 · price: The reporting person 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.

SEC source: 0001209191-21-001015 · doc4.xml · derivative · entry 5

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,033

Underlying: Common Stock · 2,033 shares

Expires 2021-01-03

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.

F1 · derivative.exercise_price: The reporting person 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.

F1 · price: The reporting person 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.

SEC source: 0001209191-21-001015 · doc4.xml · nonDerivative · entry 2

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 158,906

SEC source: 0001209191-21-001015 · doc4.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,939

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 · price: The reporting person 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.

SEC source: 0001209191-21-000941 · doc4.xml · derivative · entry 9

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,426

Underlying: Common Stock · 6,427 shares

Expires 2021-01-03

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.

F1 · derivative.exercise_price: The reporting person 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.

F1 · price: The reporting person 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.

SEC source: 0001209191-21-000941 · doc4.xml · derivative · entry 8

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,049

Underlying: Common Stock · 3,050 shares

Expires 2021-01-03

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.

F1 · derivative.exercise_price: The reporting person 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.

F1 · price: The reporting person 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.

SEC source: 0001209191-21-000941 · doc4.xml · nonDerivative · entry 4

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 729,835

SEC source: 0001209191-21-000941 · doc4.xml · nonDerivative · entry 3

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 736,262

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 · price: The reporting person 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.

SEC source: 0001209191-21-000941 · doc4.xml · nonDerivative · entry 2

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 729,835

SEC source: 0001209191-21-000941 · doc4.xml · nonDerivative · entry 1

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 732,885

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 · price: The reporting person 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.

SEC source: 0001209191-20-065370 · doc4.xml · nonDerivative · entry 2

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,517

SEC source: 0001209191-20-065187 · doc4.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 158,906

SEC source: 0001209191-20-065370 · doc4.xml · nonDerivative · entry 1

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 1,750

F1 · balance_after: Ms. Shattuck Kohn disclaims beneficial ownership of these shares owned by her spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

SEC source: 0001209191-20-064835 · doc4.xml · nonDerivative · entry 1

LaBombard Christine · CIK 0001761991 · SVP and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,320

F1 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

SEC source: 0001209191-20-063104 · doc4.xml · nonDerivative · entry 3

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,906

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.26, inclusive. 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 sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001209191-20-063104 · doc4.xml · nonDerivative · entry 2

HANDLER DAVID A · CIK 0001218092 · Director · Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 195,018

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.13, inclusive. 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 sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · derivative · entry 10

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 197,727 shares

Expires 2021-02-24

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.

F9 · shares: In connection with the exercise of 197,727 stock options, the reporting person sold 183,440 shares of common stock as reported in Table I of this Form 4. In addition, the reporting person retained 14,287 shares of common stock, which are worth $1,000,518.61 based on the closing price per share of the Company's common stock on December 1, 2020 of $70.03.

F10 · derivative.exercise_date: The stock options vested in four annual installments beginning on February 24, 2015.

F11 · derivative.expiration_date: The stock options exercised by the reporting person on December 1, 2020 were scheduled to expire on February 24, 2021.

SEC source: 0001209191-20-061665 · doc4.xml · derivative · entry 9

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 21,970 shares

Expires 2021-02-24

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.

F7 · derivative.exercise_date: The stock appreciation rights vested in four annual installments beginning on February 24, 2015.

F8 · derivative.expiration_date: The stock appreciation rights exercised by the reporting person on December 1, 2020 were scheduled to expire on February 24, 2021.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 8

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 174,807

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.01 to $71.29, inclusive. 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 sold at each separate price within the range set forth in footnote (6) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 7

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 185,249

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.21 to $71.00, inclusive. 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 sold at each separate price within the range set forth in footnote (5) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 6

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 246,071

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.22 to $70.20, inclusive. 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 sold at each separate price within the range set forth in footnote (4) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 5

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 276,822

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.22 to $69.21, inclusive. 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 sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 4

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 313,004

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.23 to $68.20, inclusive. 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 sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 3

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 358,247

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: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 2

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 160,520

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

SEC source: 0001209191-20-061665 · doc4.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 182,490

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: 0001209191-20-061269 · doc4.xml · derivative · entry 10

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,537

Underlying: Common Stock · 20,180 shares

Expires 2029-01-03

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.

F8 · derivative.exercise_date: The stock options vest in four annual installments beginning on January 3, 2020.

SEC source: 0001209191-20-061269 · doc4.xml · derivative · entry 9

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,291

Underlying: Common Stock · 24,292 shares

Expires 2025-01-03

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.

F7 · derivative.exercise_date: The stock options vest in four annual installments beginning on January 3, 2019.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 8

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,886

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.25, inclusive. 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 sold at each separate price within the range set forth in footnote (6) to this Form 4.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 7

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,986

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.99, inclusive. 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 sold at each separate price within the range set forth in footnote (5) to this Form 4.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 6

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,715

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.28 to $71.99, inclusive. 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 sold at each separate price within the range set forth in footnote (4) to this Form 4.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 5

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 82,358

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: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 4

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,178

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: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 3

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,886

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.00 to $73.28, inclusive. 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 sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 2

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,748

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.86, inclusive. 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 sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001209191-20-061269 · doc4.xml · nonDerivative · entry 1

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,461

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.95, inclusive. 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 sold at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001209191-20-061699 · doc4.xml · nonDerivative · entry 1

CARLINO PETER M · CIK 0001211342 · Chairman Emeritus

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 729,835

SEC source: 0001209191-20-056090 · doc4.xml · derivative · entry 7

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,313

Underlying: Common Stock · 63,940 shares

Expires 2024-01-04

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 stock options vest in four annual installments on January 4, 2018, January 4, 2019, January 4, 2020, and January 4, 2021.

SEC source: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 6

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,548

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2020.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.44, inclusive. 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 sold at each separate price within the range set forth in footnote (4) to this Form 4.

SEC source: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 5

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 97,122

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: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 4

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,548

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2020.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.02 to $60.99, inclusive. 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 sold at each separate price within the range set forth in footnote (3) to this Form 4.

SEC source: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 3

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,206

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: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 2

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,548

F1 · kind: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2020.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.14 to $59.94, inclusive. 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 sold at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001209191-20-056090 · doc4.xml · nonDerivative · entry 1

Sottosanti Carl · CIK 0001598259 · EVP, General Counsel and Sec.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115,256

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.