X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145536 MOYER GLENN E PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 1 0 0 President Common Stock 2006-12-04 5 J 0 E 429.0759 0 A 29448.8655 D Common Stock 2006-12-04 5 J 0 E 1361.164 0 A 30810.0295 D Common Stock 2006-12-04 5 J 0 E 577.478 0 A 9437.689 I 401K Plan Common Stock 2006-12-04 5 J 0 E 20 0 A 698.75 I Daughter Common Stock 2006-12-04 5 J 0 E 20 0 A 698.75 I Son Common Stock 2006-12-04 5 J 0 E 98 0 A 3385.5 I Spouse Employee Stock Option (Right to Buy) 20.57 2006-12-04 4 A 0 47500 20.57 A 2017-01-04 Common Stock 47500 47500 D Includes 561.907 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on May 17, August 17, and November 17, 2006. Also includes 799.257 shares acquired pursuant to the Company's payment of a 3% stock dividend declared on August 23, 2006 and paid on September 30, 2006. 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). Options become exercisable in increments of 20% on December 4, 2007, 2008, 2009, 2010, and 2011. Includes 264.4456 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first, second, and third quarters 2006. Includes 75.3199 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 89.3104 shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 23, 2006 and paid on September 30, 2006. Shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 23, 2006 and paid September 30, 2006. Additional options held with various exercise prices or expiration dates. Total options held are 361,555. Teresa D. Steuer/Sandra L. Spayd, POA 2006-12-06