X0202 4 2006-01-25 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145535 LANGIOTTI PATRICIA L PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2006-01-25 4 A 0 1100 0 A 14361.6732 D Common Stock 2006-01-25 4 A 0 800 0 A 15161.6732 D Common Stock 2006-01-25 5 J 0 E 3122.5168 0 A 18284.19 D Common Stock 2006-01-25 5 J 0 E 345 0 A 1728 I Spouse Phantom Stock 2006-01-25 4 J 0 1039.2802 0 A Common Stock 1039.2802 4614.2408 D 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. Includes 222.1736 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan; 69.6775 on May 17; 66.0179 on August 17, and 86.4782 on November 17, 2005. Also includes 2900.5924 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. Shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2005 and paid September 30, 2005. Includes 123.9915 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 27.5803 on 2/17/05; 30.2824 on 5/17/05; 28.3316 on 8/17/05 and 37.7972 on 11/17/05. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Directors' Fee plan, the acquisition of phantom stock units with reinvested dividends is exempt from line item reporting under SEC Rule 16a-11. Also includes 915.2887 shares acquired pursuant to the Company's payment of a five-for-four stock split declared August 24, 2005 and paid on September 30, 2005. Shares of performance-restricted restricted stock, issued under the Long-Term Incentive Compensation Plan. To the extent performance goals and time restrictions are satisfied, the shares will vest. To the extent performance goals or time restrictions are not satisfied, the award will lapse. 1 for 1 Teresa D. Steuer/Sandra L. Spayd, POA 2006-01-27