PENN NATL GAMING INC

Ticker: PENN CUSIP: 707569109 Class: Common Stock

Westend Capital Management, LLC's Holding History (CIK: 0001331997)

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

Q1 2014

Shares 26,559 Value ($000) $331 Avg Close $12.34 Range $10.84 - $14.45

Q4 2013

Shares 28,495 Value ($000) $408 Avg Close $13.74 Range $12.24 - $15.50

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	26,559	$331	$12.34	$10.84 - $14.45
Q4 2013	28,495	$408	$13.74	$12.24 - $15.50