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Filing Details

Accession Number:: 0001127602-16-046922
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-18 14:52:50
Reporting Period:: 2016-03-17

Filing Date:: 2016-03-18
Accepted Time:: 2016-03-18 14:52:50
SEC Url:: Form 4 Filing

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
1246955	Iv F Christian Martin	645 Hamilton Street Allentown PA 18101		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-03-17	858	$11.65	421,242	No	4	P	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	5,182	Indirect	Daughter
Common Stock	53,227	Indirect	Spouse
Common Stock	66,893	Indirect	Subsidiary

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Phantom Stock (Deferred Stock)	$0.00			40,393	40,393	Direct
Common Stock	Phantom Stock (RSUs)	$0.00			51,211	51,211	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	40,393	40,393	Direct
	51,211	51,211	Direct

Footnotes

Shares purchased through voluntary cash contribution feature of NPBC's Dividend Reinvestment Plan, per the reporting person's 10b5-1 Plan dated April 28, 2015 and approved by NPBC's Board of Directors.
Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
The 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.
1 for 1
The 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.
Balance 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.
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 after vesting and upon the reporting person's resignation 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.