X0303 4 2009-09-30 1 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001237216 MORRISON MOLLY K PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 Common Stock 2009-09-30 4 P 0 120 6.28 A 5252.4334 D Common Stock 2009-09-30 4 M 0 4000 0 A 9252.4334 D Phantom Stock 2009-09-30 4 M 0 4000 0 D Common Stock 4000 0 D Shares were acquired under the NPBC Directors' Fee Plan. Fees are paid March 31, June 30, Sept. 30 and Dec. 31. 1 for 1 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 upon the reporting person's retirement from the Board. Each share of phantom stock was the economic equivalent of one share of NPBC common stock. The reporting person has retired and these shares were paid in accordance with the terms of the National Penn Long-Term Incentive Compensation Plan. /s/ Michelle H. Debkowski, by power of attorney 2009-10-02