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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
700733	National Penn Bancshares Inc	NPBC	National Commercial Banks (6021)	232215075

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1145544	R Wayne Weidner	Philadelphia &Amp; Reading Avenues P. O. Box 547 Boyertown PA 19512-0547		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-12-01	3,000	$0.00	29,801	No	5	G	Direct
Common Stock	Acquisiton	2010-12-16	2,500	$7.77	32,301	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	G	Direct
No	4	P	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock (RSU's)	$0.00			12,142	12,142	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	12,142	12,142	Direct

Footnotes

1 for 1
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 upon the reporting person's retirement from the Board.
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.
Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.