NATIONAL PENN BANCSHARES INC 4
4 · NATIONAL PENN BANCSHARES INC · Filed Dec 18, 2015
Insider Transaction Report
Form 4
MARTIN CHRISTIAN F IV
Director
Transactions
- Purchase
Common Stock
2015-12-17$12.25/sh+816.327$10,000→ 414,558.595 total
Holdings
- 66,245.823(indirect: Subsidiary)
Common Stock
- 39,239.703
Phantom Stock (Deferred Stock)
→ Common Stock (39,239.703 underlying) - 45,627
Phantom Stock (RSUs)
→ Common Stock (45,627 underlying) - 53,226.948(indirect: By Spouse)
Common Stock
- 5,146(indirect: Daughter)
Common Stock
Footnotes (7)
- [F1]Shares purchased through voluntary cash contribution feature of NPBC's Dividend Reinvestment Plan, per the reporting person's 10b5-1 Plan dated April 28, 2015 and approved by NPBC's Board of Directors.
- [F2]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]1 for 1
- [F4]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 termination of service as a director or reaching the age of 65, as elected by such person.
- [F5]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.
- [F6]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.
- [F7]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.