SEC Form 4 · accession 0001127602-15-000056
NATIONAL PENN BANCSHARES INC · NPBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian F Martin IV
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 2, 2015 · 11:14 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000700733
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (Deferred Stock)F1,F2,F3 | — | Dec 31, 2014 | A | 868 | A | — | — | Common Stock | 868 | 35,158 | D |
Explanation of responses
- F11 for 1
- F2The 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.
- F3Balance 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.