X0202 4 2006-12-04 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145538 RHOADS GARY L PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 Treasurer Common Stock 2006-12-04 5 J 0 E 1283.292 0 A 56388.7991 D Common Stock 2006-12-04 5 J 0 E 2964.4134 0 A 59353.2125 D Common Stock 2006-12-04 5 J 0 E 1009.027 0 A 21731.803 I 401K Plan Common Stock 2006-12-04 5 J 0 E 42.223 0 A 438.52 I SON Common Stock 2006-12-04 5 J 0 E 25.324 0 A 199.108 I Son's 401k Plan 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 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 1,159.3648 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 1,418.8295 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 677.8865 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first, second and third quarters 2006. Includes 315.639 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 289.7665 shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 23, 2006 and paid on September 30, 2006. Includes 15.7048 shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first quarter 2006. Includes 13.8507 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 12.6675 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 137,406. 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