LANGIOTTI PATRICIA L 4
4 · NATIONAL PENN BANCSHARES INC · Filed Feb 2, 2010
Insider Transaction Report
Form 4
LANGIOTTI PATRICIA L
Director
Transactions
- Award
Phantom Stock (RSU's)
2010-02-01+9,000→ 13,070.423 total→ Common Stock (9,000 underlying)
Holdings
- 2,086.21(indirect: By Spouse)
Common Stock
- 31,632.631
Common Stock
- 5,590.585
Phantom Stock (Deferred Stock)
→ Common Stock (5,590.585 underlying)
Footnotes (6)
- [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]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]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.
- [F5]Balance includes Phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Directors' Fee 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 Directors' Fee Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from line item reporting under SEC Rule 16a-11.
- [F6]Includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.