Byers Robert L 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 3, 2011
Insider Transaction Report
Form 4
Byers Robert L
Director
Transactions
- Award
Phantom Stock (Deferred Stock)
2010-12-31$8.18/sh+1,381.418$11,300→ 21,077.007 total→ Common Stock (1,381.418 underlying)
Holdings
- 12,142.376
Phantom Stock (RSU's)
→ Common Stock (12,142.376 underlying) - 173,743.327
Common Stock
Footnotes (5)
- [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]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.