KOVACS CARL F 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 25, 2012
Insider Transaction Report
Form 4
KOVACS CARL F
GEVP
Transactions
- Award
Common Stock
2012-01-23$8.80/sh+9,147$80,494→ 30,133 total - Tax Payment
Common Stock
2012-01-24$8.89/sh−451$4,009→ 29,682 total
Holdings
- 5,864(indirect: By IRA)
Common Stock
- 12,604(indirect: By 401(k))
401K
Footnotes (3)
- [F1]Represents the number of shares withheld to satisfy tax obligations upon the vesting of restricted stock awards granted on January 24, 2011.
- [F2]Restricted stock issued under the Long-Term Incentive Compensation Plan. Restricted periods from date of award: 25%-one year; 25%-two years; 25%-three years; and 25%-four years. To the extent the time restrictions are met, the restricted stock will vest. To the extent the time restrictions are not met, the award will lapse.
- [F3]Balance as of plan statement dated December 31, 2011.