X0202 5 2004-12-31 0 0 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145535 LANGIOTTI PATRICIA L PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2004-12-31 5 J 0 217.1875 0 A 11401.5261 D Common Stock 1383 I Spouse Phantom Stock 2004-12-31 5 A 0 803.6823 0 A Common Stock 803.6823 3574.9606 D Includes 2,267.6629 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 25, 2004 and paid September 30, 2004. 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 retirement as a director or reaching the age of 65, as elected by such person. Includes 276 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 25, 2004 and paid September 30, 2004. Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan. Includes 93.8618 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 20.6190 on 2/17/04; 23.3047 on 5/17/04; 24.0804 on 8/17/04 and 25.8577 on 11/17/04. 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. Also includes 709.8205 shares acquired pursuant to the Company's payment of a five-for four stock split declared August 25, 2004 and paid September 30, 2004. 1 for 1 Teresa D. Steuer/Sandra L. Spayd, POA 2005-02-01