Christopher Byron Rogers - 01 Jan 2022 Form 3 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role: EVP and Chief Strategy Officer
Signature: /s/ Cameron Williams, Attorney-In-Fact for Christopher Byron Rogers
Issuer symbol: PENN
Transactions as of: 01 Jan 2022
Net transactions value: $0
Form type: 3
Filing time: 05 Jan 2022, 17:00:42 UTC
Next filing: 05 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PENN	Common Stock						23,820	01 Jan 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PENN	Stock Options (Right to Buy)							01 Jan 2022	Common Stock	7,074	$14.10	Direct	F1
holding	PENN	Stock Options (Right to Buy)							01 Jan 2022	Common Stock	3,584	$30.74	Direct	F2
holding	PENN	Stock Options (Right to Buy)							01 Jan 2022	Common Stock	24,290	$19.45	Direct	F3
holding	PENN	Stock Options (Right to Buy)							01 Jan 2022	Common Stock	23,485	$26.14	Direct	F4
holding	PENN	Stock Options (Right to Buy)							01 Jan 2022	Common Stock	15,272	$80.89	Direct	F5
holding	PENN	Phantom Stock Units							01 Jan 2022	Common Stock	10,701		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options vested in four equal annual installments beginning on January 4, 2018.
F2	The stock options vest in four equal annual installments beginning on January 3, 2019.
F3	The stock options vest in four equal annual installments beginning on January 3, 2020.
F4	The stock options vest in four equal annual installments beginning on January 3, 2021.
F5	The stock options vest in four equal annual installments beginning on January 5, 2022.
F6	Each phantom stock unit is the economic equivalent of one share of the registrant's common stock. The phantom stock units vest in two installments as follows: 4,994 phantom stock units vest on September 22, 2022 and 5,707 phantom stock units vest on September 22, 2023.