NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jul 3, 2006
Insider Transaction Report
Form 4
LONGACRE KENNETH A
Director
Transactions
- Award
Phantom Stock
2006-06-30+1,185.993→ 13,064.71 total→ Common Stock (1,185.993 underlying) - Other
Common Stock
2006-06-30+3,235→ 201,944 total
Footnotes (4)
- [F1]Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan. 1,515 shares acquired on February 17, 2006 and 1,720 shares acquired on May 17, 2006.
- [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 196.5991 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 94.2121 on 2/17/06 and 102.3870 on 5/17/06. 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.