HAFER FRED D 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 4, 2006
Insider Transaction Report
Form 4
HAFER FRED D
Director
Transactions
- Award
Phantom Stock
2006-01-02+2,003.269→ 5,252.817 total→ Common Stock (2,003.269 underlying) - Other
Common Stock
2005-12-30+2,429.16→ 12,730.75 total
Footnotes (4)
- [F1]Includes 104.16 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on November 17, 2005. Also includes 2,325.00 shares acquired pursuant to the Company's payment of a 5-for-4 stock split declared on August 24, 2005 and paid on September 30, 2005.
- [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 59.152 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 25.3425 on 8/17/05 and 33.8095 on 11/17/05. Because the Company has a dividend reinvestment plan available to substantially 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. Also includes 818.7227 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2005 and paid on September 30, 2005.