4//SEC Filing
NATIONAL PENN BANCSHARES INC 4
Accession 0001127602-15-003828
CIK 0000700733operating
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 8:05 AM ET
Size
8.4 KB
Accession
0001127602-15-003828
Insider Transaction Report
Form 4
Beaver Thomas Arthur
Director
Transactions
- Purchase
Common Stock
2015-02-02$9.82/sh+5,000$49,100→ 48,748.77 total
Holdings
- 42,717.945
Phantom Stock (Deferred Stock)
→ Common Stock (42,717.945 underlying) - 71,734
Phantom Stock (RSUs)
→ Common Stock (71,734 underlying)
Footnotes (5)
- [F1]1 for 1
- [F2]The phantom stock units were accrued under the National Penn Bancshares, Inc. Directors' Fee Plan and are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement as a director or reaching the age of 65, as elected by such person.
- [F3]Balance includes Phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Directors' Fee 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 Directors' Fee Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from line item reporting under SEC Rule 16a-11.
- [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.
Documents
Issuer
NATIONAL PENN BANCSHARES INC
CIK 0000700733
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0000700733
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 8:05 AM ET
- Size
- 8.4 KB