SEC Form 4 · accession 0001127602-16-037617
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
Jan 20, 2016
Accepted (ET)
Jan 22, 2016 · 11:43 am 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 StockF1 | holding | — | — | — | 415,437 | D | ||
| Common StockF1 | holding | — | — | — | 5,146 | I | Daughter | |
| Common StockF1 | holding | — | — | — | 53,227 | I | Spouse | |
| Common StockF1,F2 | holding | — | — | — | 66,246 | I | Subsidiary |
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)F5,F3,F4 | — | Jan 20, 2016 | A | 5,086 | A | — | — | Common Stock | 5,086 | 50,713 | D |
| Phantom Stock (Deferred Stock)F7,F3,F6 | — | holding | — | — | — | — | — | Common Stock | 39,993 | 39,993 | D |
Explanation of responses
- F1Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
- F2The 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.
- F31 for 1
- F4The 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.
- F5Balance 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.
- F6The 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.
- F7Balance 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.