HOLTON DONNA D 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 25, 2012
Insider Transaction Report
Form 4
HOLTON DONNA D
Director
Transactions
- Award
Phantom Stock (RSUs)
2012-01-23+6,819→ 26,766.652 total→ Common Stock (6,819 underlying)
Holdings
- 76,009
Common Stock
Footnotes (3)
- [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.