NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 22, 2014
Insider Transaction Report
Form 4
PAUL R CHADWICK JR
Director
Transactions
- Award
Phantom Stock (RSUs)
2014-01-21$11.15/sh+4,945$55,137→ 36,639 total→ Common Stock (4,945 underlying)
Holdings
- 58,857
Common Stock
- 203.54(indirect: Cust. For Son (James))
Common Stock
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.