PENN NATL GAMING INC

Ticker: PENN CUSIP: 707569109 Class: Common Stock

Ancient Art, L.P.'s Holding History (CIK: 0001426749)

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

Q3 2013

Shares 222,363 Value ($000) $12,310 Avg Close $12.05 Range $11.01 - $12.99

Q2 2013

Shares 222,363 Value ($000) $11,767 Avg Close $12.65 Range $11.23 - $13.55

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	222,363	$12,310	$12.05	$11.01 - $12.99
Q2 2013	222,363	$11,767	$12.65	$11.23 - $13.55