X0202 4 2006-06-30 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001164343 LONGACRE KENNETH A PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2006-06-30 5 J 0 E 3235 0 A 201944 D Phantom Stock 2006-06-30 4 A 0 1185.9928 0 A Common Stock 1185.9928 13064.7098 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. Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan. 1,515 shares acquired on February 17, 2006 and 1,720 shares acquired on May 17, 2006. Includes 196.5991 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 94.2121 on 2/17/06 and 102.3870 on 5/17/06. 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. 1 for 1 Teresa D. Steuer/Sandra L. Spayd, POA 2006-07-03