Sec Form 4 Filing - CLIFFORD WILLIAM J @ Gaming & Leisure Properties, Inc. - 2016-01-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CLIFFORD WILLIAM J
2. Issuer Name and Ticker or Trading Symbol
Gaming & Leisure Properties, Inc. [ GLPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr VP-Chief Financial Officer
(Last) (First) (Middle)
845 BERKSHIRE BLVD, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
01/04/2016
(Street)
WYOMISSING, PA19610
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock 01/04/2016 A 27,500 A $ 0 ( 1 ) 135,828 D
Common stock ( 2 ) 01/04/2016 M 3,990 A $ 19.22 139,818 D
Common stock ( 2 ) 01/04/2016 S 3,990 D $ 27.3 135,828 D
Common stock ( 2 ) 01/04/2016 M 28,165 A $ 19.22 163,993 D
Common stock ( 2 ) 01/04/2016 S 28,165 D $ 27.3 135,828 D
Common stock ( 2 ) 01/05/2016 M 67,845 A $ 24.15 203,673 D
Common stock ( 2 ) 01/05/2016 S 67,845 D $ 28.11 135,828 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to buy) ( 2 ) $ 19.22 01/04/2016 M 3,990 01/12/2010 01/12/2016 Common stock 3,990 $ 0 0 D
Non-Qualified Stock Options (right to buy) ( 2 ) $ 19.22 01/04/2016 M 28,165 01/12/2010 01/12/2016 Common stock 28,165 $ 0 0 D
Non-Qualified Stock Options (right to buy) ( 2 ) $ 24.15 01/05/2016 M 67,845 01/02/2011 01/02/2017 Common stock 67,845 $ 0 61,136 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CLIFFORD WILLIAM J
845 BERKSHIRE BLVD
SUITE 200
WYOMISSING, PA19610
Sr VP-Chief Financial Officer
Signatures
William J. Clifford 01/06/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted stock award that vests in three annual installments beginning on first anniversary of the grant date.
( 2 )The transactions set forth on this Form 4 were made pursuant to a stock trading plan entered into by Mr. Clifford on September 1, 2015 pursuant to Rule 10b5-1.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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