SEC Form 4 · accession 0001127602-15-002510
NATIONAL PENN BANCSHARES INC · NPBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Chadwick Paul Jr.
Director
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 6:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000700733
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 2, 2014 | G | 205 | $0.00 | D | 0 | I | Cust. For Son (James) |
| Common StockF1 | Apr 2, 2014 | G | 205 | $0.00 | A | 59,062 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (RSUs)F4,F2,F3 | — | Jan 20, 2015 | A | 5,682 | A | — | — | Common Stock | 5,682 | 43,840 | D |
Explanation of responses
- F1Includes 205.4633 shares previously held as custodian for son that are now owned directly.
- F21 for 1
- F3The 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.
- F4Balance 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.