X0202 4 2007-01-24 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145540 ROTH C ROBERT PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2006-08-18 5 G 0 E 340 0 D 34633.2127 D Common Stock 2006-09-30 5 J 0 E 1049.6588 0 A 35682.8715 D Common Stock 2006-12-15 5 G 0 E 500 0 D 35182.8715 D Common Stock 2006-12-21 5 G 0 E 200 0 D 34982.8715 D Common Stock 2007-01-24 5 J 0 E 256.8476 0 A 35239.7191 D Common Stock 2007-01-24 4 A 0 1100 0 A 36339.7191 D Common Stock 2007-01-24 5 D 0 E 280 0 D 36059.7191 D Common Stock 2006-09-30 5 J 0 E 70 0 A 2414.047 I Spouse IRA Common Stock 2007-01-24 5 J 0 E 38.85 0 A 2452.897 I Spouse IRA Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan. 19.17 shares acquired on 8/17/2006 and 19.68 shares acquired on 11/17/2006. Shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 23, 2006 and paid September 30, 2006. Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan. 127.9542 shares acquired on 8/17/2006 and 128.8924 shares acquired on 11/17/2006. Performance-restricted restricted stock or restricted stock units (RSU's) issued under the Long-Term Incentive Compensation Plan. To the extent performance goals and time restrictions are met, the restricted stock or the RSU's will vest. In the case of RSU's, shares of National Penn common stock will be issued upon the reporting person's termination of service as a director. To the extent the performance goals and time restrictions are not met, the award will lapse. Teresa D. Steuer/Sandra L. Spayd, POA 2007-01-26