KROTT FREDERICK P 4
4 · NATIONAL PENN BANCSHARES INC · Filed Oct 2, 2009
Insider Transaction Report
Form 4
KROTT FREDERICK P
DirectorOther
Transactions
- Award
Phantom Stock
2009-09-30$6.28/sh+995.223$6,250→ 17,404.35 total→ Common Stock (995.223 underlying) - Exercise/Conversion
Phantom Stock
2009-09-30−1,000→ 0 total→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2009-09-30+1,000→ 12,199.7 total
Holdings
- 0(indirect: By Spouse)
Common Stock
Footnotes (4)
- [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]The phantom stock units granted under the National Penn Bancshares, Inc. Long-Term Incentive Compensation Plan are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement from the Board.
- [F4]Each share of phantom stock was the economic equivalent of one share of NPBC common stock. The reporting person has retired and these shares were paid in accordance with the terms of the National Penn Long-Term Compensation Plan.