NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 22, 2014
Insider Transaction Report
Form 4
KENNEDY THOMAS L
Director
Transactions
- Award
Phantom Stock (RSUs)
2014-01-21$11.15/sh+5,599$62,429→ 40,878 total→ Common Stock (5,599 underlying)
Holdings
- 17,187.63(indirect: Profit Sharing Plan)
Common Stock
- 28,779(indirect: By IRA)
Common Stock
- 14,871.94(indirect: By Spouse)
Common Stock
- 112,896.36
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.