SEC Form 4 · accession 0001127602-15-012463

NATIONAL PENN BANCSHARES INC · NPBC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 20, 2015

Accepted (ET)

Mar 24, 2015 · 7:20 pm EDT

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^F1	Mar 20, 2015	M	6,833	—	A	6,833	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock (RSUs)^F1,F2,F3	—	Mar 20, 2015	M	6,833	D	—	—	Common Stock	6,833	0	D

F1The phantom stock units convert into common stock at a 1-for-1 ratio.
F2The 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.
F3Balance 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.