X0303 4 2010-12-31 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001246955 MARTIN CHRISTIAN F IV PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 Phantom Stock (Deferred Stock) 2010-12-31 4 A 0 1381.418 8.18 A Common Stock 1381.418 15745.3204 D 1 for 1 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. /s/ Michelle H. Debkowski, by power of attorney 2011-01-03