FEATHER JEFFREY P 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 26, 2011
Insider Transaction Report
Form 4
FEATHER JEFFREY P
Director
Transactions
- Award
Phantom Stock (RSUs)
2011-01-24+6,560→ 19,708.337 total→ Common Stock (6,560 underlying)
Holdings
- 358,169
Common Stock
- 51,500(indirect: By IRA)
Common Stock
- 17,855.757(indirect: Cust For Son Under Pugma)
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]Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.