4//SEC Filing
NATIONAL PENN BANCSHARES INC 4
Accession 0001127602-15-012463
CIK 0000700733operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 7:20 PM ET
Size
7.4 KB
Accession
0001127602-15-012463
Insider Transaction Report
Form 4
Martin Michael E.
Director
Transactions
- Exercise/Conversion
Common Stock
2015-03-20+6,833→ 6,833 total - Exercise/Conversion
Phantom Stock (RSUs)
2015-03-20−6,833→ 0 total→ Common Stock (6,833 underlying)
Footnotes (3)
- [F1]The phantom stock units convert into common stock at a 1-for-1 ratio.
- [F2]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 after vesting and upon the reporting person's resignation from the Board.
- [F3]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
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 7:20 PM ET
- Size
- 7.4 KB