X0202 4 2007-06-29 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145534 KROTT FREDERICK P PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2007-06-29 5 J 0 E 248.1163 0 A 10687.363 D Phantom Stock 2007-06-29 4 A 0 832.117 17.213 A Common Stock 832.117 9930.8666 D Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17 and May 17, 2007. 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 164.0371 phantom stock units acquired upon reinvestment of dividend accrued on phantom stock units under the Directors' Fee Plan: 80.2506 on 2/17/07 and 83.7865 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 Teresa D. Steuer/Sandra L. Spayd, POA 2007-07-02