NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 22, 2015
Insider Transaction Report
Form 4
LANGIOTTI PATRICIA L
Director
Transactions
- Award
Phantom Stock (RSUs)
2015-01-20+6,432→ 49,002 total→ Common Stock (6,432 underlying)
Holdings
- 47,481.772
Common Stock
- 2,420.1(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
- [F2]1 for 1
- [F3]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.
- [F4]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.