X0201 4 2004-01-02 0 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145521 BODY JOHN H BOX 148 TREXLERTOWN PA 18105 1 0 0 0 Common Stock 2003-09-30 5 J 0 6784.2974 0 A 144124.4592 D Common Stock 2003-09-30 5 J 0 248.824 0 A 5265.1780 I Spouse Stock Option (Right to Buy) 32.67 2004-01-02 5 A 0 1149 0 A 2006-01-02 2014-01-02 Common Stock 1149 1149 D Includes 6,784.2974 shares acquired pursuant to the Company's payment of a 5% stock dividend declared August 27, 2003 and paid September 30, 2003, and includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan: 1,180.328 on 2/17/03, 1,025.0974 on 5/17/03, 1,068.0276 on 8/17/03, and 1,087.213 on 11/17/03. Includes 248.824 shares acquired pursuant to the Company's payment of a 5% stock dividend declared August 27, 2003 and paid September 30, 2003, and includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan: 43.29 on 2/17/03, 37.5968 on 5/17/03, 39.1714 on 8/17/03, and 39.875 on 11/17/03 Reflects adjustment on account of 5% stock dividend paid by the Company on September 30, 2003. Under certain circumstances, the exercise date may be accelerated, but not to a date before 7/2/04, except in the case of death or disability. Additional options held with various exercise prices or expiration dates. Total options held, after adjustment for 5% stock dividend paid by the Company on September 30, 2003, are 25,294. Teresa D. Steuer, Power of Attorney 2004-01-06