MEENEGHAN MICHAEL A. 4
4 · NATIONAL PENN BANCSHARES INC · Filed Feb 25, 2009
Insider Transaction Report
Form 4
MEENEGHAN MICHAEL A.
Executive Vice President
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-02-23+3,750→ 3,750 totalExercise: $6.88Exp: 2019-03-23→ Common Stock (3,750 underlying) - Award
Common Stock
2009-02-23+850→ 12,000 total - Award
Common Stock
2009-02-23+1,250→ 11,150 total
Footnotes (3)
- [F1]Options become exercisable in increments of 20% on February 23, 2010, 2011, 2012, 2013 and 2014.
- [F2]Performance-restricted restricted stock issued under the Long-Term Incentive Compensation Plan. To the extent performance goals and time restrictions are met, shares of National Penn common stock will vest. To the extent the performance goals and time restrictions are not met, the award will lapse.
- [F3]Restricted stock issued under the Long-Term Incentive Compensation Plan. Restricted period is five years from date of award. To the extent the time restrictions are met, the restricted stock will vest. To the extent the time restrictions are not met, the award will lapse.