X0202 4 2006-02-01 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001272526 WITMER LESLIE K PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 0 0 1 Director of Subsidiary Div. Common Stock 2006-02-01 4 J 0 15385 0 A 102560 D Common Stock 2006-02-08 4 P 0 450 20.33 A 103010 D Common Stock 2006-02-01 4 J 0 1994 0 A 29563 I spouse Common Stock 2006-02-07 4 P 0 448 20.33 A 30011 I spouse Received in exchange for 1,000 shares of Nittany Financial Corp. Common Stock in connection with the merger of Nittany Financial Corp. into National Penn Bancshares, Inc. The merger was effective January 26, 2006. 70 percent of the total consideration in the merger was paid in National Penn Bancshares, Inc. stock; the balance of the merger consideration was paid in cash. On January 26, 2006, the closing price of National Penn Bancshares, Inc Common Stock was $21.17 per share. Received in exchange for 7,716 shares of Nittany Financial Corp. Common Stock in connection with the merger of Nittany Financial Corp. into National Penn Bancshares, Inc. The merger was effective January 26, 2006. 70 percent of the total consideration in the merger was paid in National Penn Bancshares, Inc. stock; the balance of the merger consideration was paid in cash. On January 26, 2006, the closing price of National Penn Bancshares, Inc Common Stock was $21.17 per share. Teresa D. Steuer/Sandra L. Spayd, POA 2006-02-09