LONGACRE KENNETH A 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jul 1, 2005
Insider Transaction Report
Form 4
LONGACRE KENNETH A
Director
Transactions
- Award
Phantom Stock
2005-06-30+650.229→ 8,308.649 total→ Common Stock (650.229 underlying) - Other
Common Stock
2005-05-17+1,249→ 155,001 total
Footnotes (4)
- [F1]Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
- [F2]1 for 1
- [F3]The phantom stock units were accrued under the National Penn Bancshares, Inc. Directors' Fee Plan and are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement as a director or reaching the age of 65, as elected by such person.
- [F4]Includes 123.9557 phantom stock units acquired upon "reinvestment" of dividend accrued on phantom stock units under the Directors' Fee Plan: 59.0836 on 2/17/04; 64.8721 on 5/17/04. Because the Company has a dividend reinvestment plan available to substanitally all of its shareholders on terms similar to the dividend reinvestment feature of the Directors' Fee Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from line item reporting under SEC Rule 16a-11.