X0202 4 2007-12-03 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001197216 REINHARD MICHAEL R PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 GROUP EVP Common Stock 2007-09-28 5 J 0 E 557.188 0 A 17832.3743 D Common Stock 2007-12-03 5 J 0 E 1184.1818 0 A 19016.5561 D Common Stock 2007-12-03 5 J 0 E 547.4308 0 A 19563.9869 D Common Stock 2007-12-03 5 J 0 E 1598.351 0 A 13554.32 I 401K Plan Employee Stock Option (Right to Buy) 15.13 2007-12-03 4 A 0 17500 15.13 A 2018-01-03 Common Stock 17500 17500 D Shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17, 2007, May 17, 2007, August 17, 2007, and November 16, 2007. Includes shares acquired pursuant through the Company's exempt Employee Stock Purchase Plan during first, second, and third quarters 2007. Also includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on February 17, May 17, and August 17, 2007. Shares acquired pursuant to the Company's payment of a 3% stock dividend declared August 22, 2007 and paid September 28, 2007. Options become exercisable in increments of 20% on December 3, 2008, 2009, 2010, 2011, and 2012. Additional options held with various exercise prices or expiration dates. Total options held are 132,115. Shares acquired pursuant to the Company's Capital Accumulation Plan (a 401(K) plan). The total is based on the most recent plan statement available as of November 30, 2007. All shares were acquired in routine new-money acquisitions exempt under Rule 16b-3(c) and Rule 16a-3(f)(1)(i)(B). Also includes shares acquired pursuant to the Company's payment of a 3% stock split declared August 22, 2007 and paid on September 28, 2007. Teresa D. Steuer/Sandra L. Spayd, POA 2007-12-05