X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001197216 REINHARD MICHAEL R PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 GROUP EVP Common Stock 2006-12-04 5 J 0 E 901.1001 0 A 16499.4812 D Common Stock 2006-12-04 5 J 0 E 775.7051 0 A 17275.1863 D Common Stock 2006-12-04 5 J 0 E 852.633 0 A 11464.186 I 401K Plan Employee Stock Option (Right to Buy) 20.57 2006-12-04 5 A 0 E 12000 20.57 A 2017-01-04 Common Stock 12000 12000 D Shares acquired pursuant to the Company's Capital Accumulation Plan (a 401(K) plan) as of 9/30/06. All shares were acquired in routine new-money acquisitions exempt under Rule 16b-3(c) and Rule 16a-3(f)(1)(i)(B). Includes 677.8481 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first, second, and third quarters 2006. Includes 115.1828 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17, May 17, August 17, and November 17, 2006; and also includes 108.0692 shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 23, 2006 and paid on September 30, 2006. Options become exercisable in increments of 20% on December 4, 2007, 2008, 2009, 2010, and 2011. Additional options held with various exercise prices or expiration dates. Total options held are 133,543. Includes 390.0776 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17, May 17, August 17, and November 17, 2006. Also includes 385.6275 shares acquired pursuant to the Company's payment of 3% stock dividend declared on August 23, 2006 and paid on September 30, 2006. Teresa D. Steuer/Sandra L. Spayd, POA 2006-12-06