X0202 4 2005-12-01 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145538 RHOADS GARY L PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 Treasurer Common Stock 2005-12-01 5 J 0 E 9263.9205 0 A 50425.0208 D Common Stock 2005-12-01 5 J 0 E 1951.7216 0 A 52376.7424 D Common Stock 16224.7048 I 401K Plan Common Stock 2005-12-01 5 J 0 E 90.1532 0 A 374.2327 I SON Common Stock 121.581 I Son's 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 Includes 212.9147 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during third quarter 2005. Includes 52.2063 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on August 17, 2005; and also includes 1,686.6006 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. Options become exercisable in increments of 20% on December 1, 2006, 2007, 2008, 2009, and 2010. Includes 587.9631 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 8,675.9574 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. Additional options held with various exercise prices or expiration dates. Total options held are 133,653. Includes 16.3643 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during second and third quarters 2005. Includes 2.2152 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on August 17, 2005; and also includes 71.5737 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. Teresa D. Steuer/Sandra L. Spayd, POA 2005-12-02