X0202 4 2004-12-02 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001047428 KOCH GARRY D PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 GROUP EVP Common Stock 208 D Common Stock 4053.9108 I 401K Employee Stock Option (Right to Buy) 28.502 2004-12-02 4 A 0 10000 0 A 2015-01-02 Common Stock 10000 10000 D Includes 41 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 25, 2004 and paid September 30, 2004. Options become exercisable in increments of 20% on December 2, 2005, 2006, 2007, 2008, and 2009. Additional options held with various exercise prices or expiration dates. Total options held after adjustment of the Company's payment of a five-for-four stock split declared August 25, 2004 and paid on September 30, 2004 are 103,689 Includes 188.477 shares acquired pursuant to the Company's Capital Accumulation Plan (a 401 (K) plan). 71.196 shares were acquired during first quarter; 56.308 shares acquired during second , and 60.973 shares acquired during third quarter 2004. The total is based on the most recent plan statement available (as of September 30, 2004). All shares were acquired in routine new-money acquisitions exempt under Rule 16b-3(c) and Rule 16a-3(f)(I)(I)(B). Also includes 773.0868 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2004 and paid on September 30, 2004. Teresa D. Steuer/Sandra L. Spayd, POA 2004-12-03