YATRON STRATTON D 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 4, 2006
Insider Transaction Report
Form 4
YATRON STRATTON D
Other
Transactions
- Award
Phantom Stock
2005-12-30+1,523.359→ 5,195.069 total→ Common Stock (1,523.359 underlying)
Holdings
- 2,500(indirect: By Trust)
Common Stock
- 3,125(indirect: By Trust)
Common Stock
- 7,820.421
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 66.8368 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 28.6349 on 8/17/05 and 38.2019 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 925.0862 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.