X0202 4 2005-12-01 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001197216 REINHARD MICHAEL R PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 GROUP EVP Common Stock 2005-12-01 5 J 0 E 2594.1027 0 A 14313.5571 D Common Stock 2005-12-01 5 J 0 E 1016.0207 0 A 15329.5778 D Common Stock 8205.323 I 401K Plan Employee Stock Option (Right to Buy) 20.63 2005-12-01 4 A 0 11000 20.63 A 2016-01-01 Common Stock 11000 11000 D Additional options held with various exercise prices or expiration dates. Total options held are 121,653. Options become exercisable in increments of 20% on December 1, 2006, 2007, 2008, 2009, and 2010. Includes 404.2947 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during second and third quarters 2005. Includes 97.6983 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on May 17, 2005 and August 17, 2005; and also includes 514.0277 shares acquired pursuant to the Company's payment of a 5-for-4 stock split declared August 24, 2005 and paid on September 30, 2005. Includes 106.0885 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on August 17, 2005 and November 17, 2005. Also includes 2,488.0142 shares acquired pursuant to the Company's payment of a 5-for-4 stock split declared on August 24, 2005 and paid on September 30, 2005. Teresa D. Steuer/Sandra L. Spayd, POA 2005-12-02