X0202 4 2008-01-23 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 2008-01-23 5 D 0 E 522 0 D 27845.9589 D Common Stock 2008-01-30 5 J 0 E 325.8926 0 A 28171.8515 D Common Stock 2008-01-30 5 J 0 E 679.5709 0 A 28851.4224 D Common Stock 2008-01-30 5 J 0 E 55 0 A 1896.13 I Spouse Common Stock 2008-01-30 5 J 0 E 22.49 0 A 1918.62 I Spouse Phantom Stock 2008-01-30 5 J 0 E 259.4905 0 A Common Stock 259.4905 5259.783 D Shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 22, 2007 and paid September 28, 2007. 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. Represents phantom stock units acquired upon "reinvestment" of dividend accrued on phantom stock units under the Directors' Fee Plan on 8/17/07 and 11/17/07. Because the Company has a dividend reinvestment plan available to substanially 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 shares acquired for the 3% stock dividend declared on August 22, 2007 and payable on September 28, 2007. Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan for Novembery 17, 2007. 1 for 1 Teresa D. Steuer/Sandra L. Spayd, POA 2008-02-01