KRAMER ALBERT H 4
4 · NATIONAL PENN BANCSHARES INC · Filed Feb 2, 2010
Insider Transaction Report
Form 4
KRAMER ALBERT H
Other
Transactions
- Award
Phantom Stock (RSU's)
2010-02-01+8,000→ 9,017.606 total→ Common Stock (8,000 underlying)
Holdings
- 15,488.355
Common Stock
Footnotes (4)
- [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]Balance includes Phantom stock units acquired upon "reinvestment of dividends accrued on phantom stock units under the Long-Term Incentive Compensation Plan. 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 Long-Term Incentive Compensation Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from the line item reporting under SEC Rule 16a-11.
- [F4]Includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.