WORTHINGTON DONALD P 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 26, 2011
Insider Transaction Report
Form 4
WORTHINGTON DONALD P
Group Executive Vice President
Transactions
- Gift
Common Stock
2010-12-13−3,000→ 94,147 total - Gift
Common Stock
2010-12-08−3,000→ 91,147 total - Gift
Common Stock
2010-12-14−3,000→ 97,147 total - Award
Common Stock
2011-01-24+8,199→ 100,147 total
Holdings
- 12,219(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Restricted stock award that is subject to forfeiture, with certain exceptions, if the reporting person terminates employment before the later of the second anniversary of the date of the award and (i) for the first 25% of the restricted stock, at the time the Company repurchases at least 25% of its preferred stock from the U.S. Treasury purchased pursuant to the TARP Capital Purchase Program, (ii) for the next 25% of the restricted stock, at the time the Company repurchases 50% of such preferred stock, (iii) for the next 25% of the restricted stock, at the time the Company repurchases 75% of such preferred stock, and (iv) for the last 25% of the restricted stock, at the time the Company repurchases 100% of such preferred stock. Notwithstanding the foregoing, all restrictions will lapse when the Company repurchases 100% of such preferred stock.
- [F2]Balance as of plan statement dated December 31, 2010.