X0202 4 2005-12-30 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145539 RIGG ROBERT E PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2005-12-23 5 G 0 E 500 0 D 411425 D Common Stock 2005-12-30 5 J 0 E 70168 0 A 481593 D Common Stock 2005-12-30 5 G 0 E 250 0 D 481343 D Common Stock 11677.5 I Profit Sharing Plan Common Stock 2005-12-30 5 J 0 E 2482 0 A 12412 I Spouse Phantom Stock 2005-12-30 4 A 0 2786.483 0 A Common Stock 2786.483 9305.4491 D 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. Shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2005 and paid September 30, 2005. Includes 118.6659 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 50.8401 on 8/17/05 and 67.8258 on 11/17/05. 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 1,642.4529 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2005 and paid on September 30, 2005. 1 for 1 Teresa D. Steuer/Sandra L. Spayd, POA 2006-01-04