X0202 4 2004-12-02 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145536 MOYER GLENN E PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 1 0 0 President Common Stock 19390.9774 D Common Stock 5363.7401 I 401K Plan Common Stock 543.75 I Daughter Common Stock 543.75 I Son Common Stock 2630 I Spouse Employee Stock Option (Right to Buy) 28.502 2004-12-02 4 A 0 35000 0 A 2015-01-02 Common Stock 35000 35000 D Includes 71.3286 shares acquired pursuant through Company's exempt Employee Stock Purchase Plan during third quarter 2004. Options become exercisable in increments of 20% on December 2, 2005, 2006, 2007, 2008, and 2009. No reportable activity since last filing dated October 27, 2004 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 219,925 Teresa D. Steuer/Sandra L. Spayd, POA 2004-12-03