SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Burke Desiree A. (Last) (First) (Middle) 825 BERKSHIRE BLVD. SUITE 400 (Street) WYOMISSING PA 19610 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/30/2014	3. Issuer Name and Ticker or Trading Symbol Gaming & Leisure Properties, Inc. [ GLPI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chief Accounting Officer	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	25,656	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	11/04/2013(1)	01/12/2016	Common Stock	15,833	19.22	D
Non-Qualified Stock Option (right to buy)	11/04/2013(1)	01/01/2017	Common Stock	29,864	24.15	D
Non-Qualified Stock Option (right to buy)	11/04/2013(1)	07/08/2018	Common Stock	28,616	17.34	D
Non-Qualified Stock Option (right to buy)	11/04/2013(1)	01/02/2016	Common Stock	16,520	12.41	D
Non-Qualified Stock Option (right to buy)	11/04/2013(1)	01/02/2017	Common Stock	16,520	15.78	D
Non-Qualified Stock Option (right to buy)	(2)	01/03/2018	Common Stock	33,039	20.4	D
Non-Qualified Stock Option (right to buy)	(3)	01/03/2019	Common Stock	33,039	22.09	D
Incentive Stock Options (right to buy)	11/04/2013(1)	01/12/2016	Common Stock	3,990	19.22	D
Incentive Stock Options (right to buy)	11/04/2013(1)	01/01/2017	Common Stock	3,174	24.16	D
Incentive Stock Options (right to buy)	11/04/2013(1)	07/08/2018	Common Stock	4,423	17.34	D
Phantom Stock Unit	(4)	(4)	Common Stock	1,218	(5)	D
Phantom Stock Unit	(6)	(6)	Common Stock	1,774	(5)	D
Phantom Stock Unit	(7)	(7)	Common Stock	2,529	(5)	D

Explanation of Responses:

1. These options were issued as a result of the spin-off of the Company from Penn National Gaming, Inc. The options were fully vested on the effective date of the spin and were exerciseable beginning November 4, 2013.

2. Options to purchase 24,779 shares of common stock are exercisable immediately and options to purchase 8,260 shares of common stock will become exerciseable on January 3, 2015.

3. Options to purchase 16,519 shares of common stock are exercisable immediately and options to purchase 8,260 shares of common stock will become exerciseable on each of January 3, 2015 and January 3, 2016.

4. The Phantom Stock Unit is scheduled to vest as follows: 610 units on October 20, 2014 and 608 units on October 20, 2015.

5. Upon vesting, the recipient is entitled to a cash payment for each unit equal to the fair market value on the vesting date of one share of the Company's common stock.

6. The Phantom Stock Unit is scheduled to vest as follows: 888 units on February 6, 2015 and 886 units on February 6, 2016.

7. The Phantom Stock Unit is scheduled to vest as follows: 843 units on January 29, 2015, 844 units on January 29, 2016 and 842 units on January 29, 2017.

Remarks:

	/s/ Desiree Burke	05/09/2014
	** Signature of Reporting Person	Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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