X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001157846 KILROY BRUCE G 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 1586.5257 0 A 27237.9632 D Common Stock 2006-12-04 5 J 0 E 422 0 A 27659.9632 D Common Stock 2006-12-04 5 J 0 E 483.366 0 A 3989.035 I 401k Plan Common Stock 2006-12-04 5 J 0 E 29 0 A 1004 I Trust Employee Stock Option (Right to Buy) 20.57 2006-12-04 4 A 0 11500 20.57 A 2017-01-04 Common Stock 11500 11500 D Additional options held with various exercise prices or expiration dates. Total options held are 123,302. 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 808.0122 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first, second, and third quarters 2006. Includes 406.0409 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 372.4726 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. Teresa D. Steuer/Sandra L. Spayd, POA 2006-12-06