X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145544 WEIDNER WAYNE R PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 1 0 0 Chairman & CEO Common Stock 2006-10-11 5 G 0 E 300 0 D 41345.3882 D Common Stock 2006-10-16 5 G 0 E 500 0 D 40845.3882 D Common Stock 2006-10-16 5 G 0 E 500 0 D 40345.3882 D Common Stock 2006-10-20 5 G 0 E 1250 0 D 39095.3882 D Common Stock 2006-10-23 5 G 0 E 385 0 D 38710.3882 D Common Stock 2006-12-04 5 J 0 E 1148.2605 0 A 39858.6487 D Common Stock 2006-12-04 5 J 0 E 158.8095 0 A 40017.4582 D Common Stock 2006-12-05 5 G 0 E 125 0 D 39892.4582 D Common Stock 2006-12-04 5 J 0 E 1367.253 0 A 42234.068 I 401K Plan Employee Stock Option (Right to Buy) 20.57 2006-12-04 4 A 0 50000 20.57 A 2017-01-04 Common Stock 50000 50000 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 57.3437 shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on August 17 and November 17, 2006 and also includes 101.4658 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. 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 777,692. Teresa D. Steuer/Sandra L. Spayd, POA 2006-12-06