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4//SEC Filing

NATIONAL PENN BANCSHARES INC 4

Accession 0001127602-14-002509

CIK 0000700733operating

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 4:06 PM ET

Size

7.6 KB

Accession

0001127602-14-002509

Insider Transaction Report

Form 4
Period: 2014-01-21
Transactions
  • Award

    Phantom Stock (RSUs)

    2014-01-21$11.15/sh+4,945$55,13736,639 total
    Common Stock (4,945 underlying)
Holdings
  • Common Stock

    58,857
  • Common Stock

    (indirect: Cust. For Son (James))
    203.54
Footnotes (5)
  • [F1]The reporting person no longer has a reportable beneficial interest in 254.7179 shares of NPBC common stock owned by his son (Richard) and included in the reporting person's prior ownership reports.
  • [F2]Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
  • [F3]1 for 1
  • [F4]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.
  • [F5]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.

Issuer

NATIONAL PENN BANCSHARES INC

CIK 0000700733

Entity typeoperating
IncorporatedPA

Related Parties

1
  • filerCIK 0000700733

Filing Metadata

Form type
4
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:06 PM ET
Size
7.6 KB