PENN NATL GAMING INC

Ticker: PENN CUSIP: 707569109 Class: Common Stock

M.D. Sass, Inc.'s Holding History (CIK: 0000922940)

Note: Option positions (PUT/CALL) are excluded.

Q3 2013

Shares 635,700 Value ($000) $35,193 Avg Close $12.05 Range $11.01 - $12.99

Q2 2013

Shares 705,800 Value ($000) $37,308 Avg Close $12.65 Range $11.23 - $13.55

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	635,700	$35,193	$12.05	$11.01 - $12.99
Q2 2013	705,800	$37,308	$12.65	$11.23 - $13.55