RIGG ROBERT E 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jul 1, 2011
Insider Transaction Report
Form 4
RIGG ROBERT E
Director
Transactions
- Award
Phantom Stock (Deferred Stock)
2011-06-30$7.72/sh+1,101.036$8,500→ 36,128.336 total→ Common Stock (1,101.036 underlying)
Footnotes (3)
- [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]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.