X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001173890 MCGLOIN PAUL W 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 579.937 0 A 24634.5357 D Common Stock 2006-12-04 5 J 0 E 1389.252 0 A 26023.7877 D Employee Stock Option (Right to Buy) 20.57 2006-12-04 4 A 0 12000 20.57 A 2017-01-04 Common Stock 12000 12000 D Includes 721.252 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17, May 17, and August 17, 2006. Also includes 668 shares acquired pursuant to the Company's payment of a 3% stock dividend declared on August 23, 2006 and paid on September 30, 2006. Includes 456.851 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during second and third quarters 2006. Includes 28.2866 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on May 17, August 17, and November 17, 2006; and also includes 33.9934 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 75,715. Teresa D. Steuer/Sandra L. Spayd, POA 2006-12-06