YATRON STRATTON D 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jul 1, 2005
Insider Transaction Report
Form 4
YATRON STRATTON D
Director
Transactions
- Award
Phantom Stock
[F1][F2][F3]2005-06-30+610.235→ 3,671.71 total→ Common Stock (610.235 underlying)
Holdings
- 7,820.421
Common Stock
- 3,125(indirect: By Trust)
Common Stock
- 2,500(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]1 for 1
- [F2]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.
- [F3]Includes 49.5516 phantom stock units acquired upon "reinvestment" of dividend accrued on phantom stock units under the Directors' Fee Plan: 23.6188 on 2/17/04; 25.9328 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.
Signature
Teresa D. Steuer/Sandra L. Spayd, POA|2005-07-01