X0202 4 2006-01-25 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001174778 HAFER FRED D 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 13830.75 D Common Stock 2006-01-25 4 A 0 800 0 A 14630.75 D Restrcited stock units issued under the Long-Term Incentive Compensation Plan, which will be issued as shares of National Penn common stock upon the reporting person's termination of service as a director. Performance-restricted restricted stock units issued under the Long-Term Incentive Compensation Plan. To the extent performance goals and time restrictions are met, shares of National Penn common stock will be issued upon the reporting person's termination of service as a director. To the extent the performance goals and time restrictions are not met, the award will lapse. Teresa D. Steuer/Sandra L. Spayd, POA 2006-01-27