NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 3, 2008
Insider Transaction Report
Form 4
LONGACRE KENNETH A
Director
Transactions
- Award
Phantom Stock
2007-12-31$15.80/sh+2,968.419$46,892→ 19,914.443 total→ Common Stock (2,968.419 underlying) - Other
Common Stock
2007-12-31+2,497.976→ 222,920.933 total
Footnotes (4)
- [F1]Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on November 17, 2007.
- [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 phantom stock units acquired upon "reinvestment" of dividend accrued on phantom stock units under the Directors' Fee Plan: 170.1714 on 8/17/07 and 195.7574 on 11/17/07. 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. Also includes 513.4859 shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 22, 2007 and paid on September 28, 2007.