WEIDNER WAYNE R 4
4 · NATIONAL PENN BANCSHARES INC · Filed Dec 17, 2010
Insider Transaction Report
Form 4
WEIDNER WAYNE R
DirectorChairman
Transactions
- Purchase
Common Stock
2010-12-16$7.77/sh+2,500$19,425→ 32,300.587 total - Gift
Common Stock
2010-12-01−3,000→ 29,800.587 total
Holdings
- 12,142.376
Phantom Stock (RSU's)
→ Common Stock (12,142.376 underlying)
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]Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.