X0202 4 2007-06-29 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001334317 Beaver Thomas Arthur PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 13291 D Phantom Stock 2007-06-29 4 A 0 967.8831 0 A Common Stock 0 3915.5731 D The phantom stock units were accrued under the National Penn Bancshares, Inc. Directors' Fee Plan and are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement as a director or reaching the age of 65, as elected by such person. Includes 52.877 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 25.7354 on 2/17/07 and 27.1416 on 5/17/07. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Directors' Fee plan, the acquisition of phantom stock units with reinvested dividends is exempt from line item reporting under SEC Rule 16a-11. 1 for 1 Sandra L. Spayd/Teresa D. Steuer 2007-07-02