TAYLOR D MICHAEL 4
4 · NATIONAL PENN BANCSHARES INC · Filed Oct 2, 2009
Insider Transaction Report
Form 4
TAYLOR D MICHAEL
Other
Transactions
- Exercise/Conversion
Common Stock
2009-09-30+1,000→ 79,659.613 total - Exercise/Conversion
Phantom Stock
2009-09-30−1,000→ 0 total→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]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.
- [F3]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 Incentive Compensation Plan.