NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Jan 22, 2015
Insider Transaction Report
Form 4
PAUL R CHADWICK JR
Director
Transactions
- Gift
Common Stock
2014-04-02+205.463→ 59,062.463 total - Gift
Common Stock
2014-04-02−205.463→ 0 total(indirect: Cust. For Son (James)) - Award
Phantom Stock (RSUs)
2015-01-20+5,682→ 43,840 total→ Common Stock (5,682 underlying)
Footnotes (4)
- [F1]Includes 205.4633 shares previously held as custodian for son that are now owned directly.
- [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.