X0202 4 2007-12-03 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001384860 McCracken Janice S PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 0 1 0 0 Executive Vice President Common Stock 2007-09-28 5 J 0 E 123.2912 0 A 3946.2376 D Common Stock 2007-12-03 4 A 0 500 0 A 4446.2376 D Common Stock 2007-12-03 5 J 0 E 330.4059 0 A 4776.6435 D Common Stock 2007-12-03 5 J 0 E 10.651 0 A 4787.2945 D Common Stock 2007-12-03 5 J 0 E 440.276 0 A 3226.767 I 401(k) Employee Stock Option (Right to Buy) 15.13 2007-12-03 4 A 0 7000 15.13 A 2018-01-03 Common Stock 7000 7000 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. Restricted stock issued under the Long-Term Incentive Compensation Plan. Restricted period for one-half of the award is 18 months; for the other one-half, the restricted period is 36 months. To the extent the time restrictions are met, the restricted stock will vest. To the extent the time restrictions are not met, the award will lapse. 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. Options held with different exercise prices, differenct dates and/or different expiration dates. Total options held are 39,391. Sandra L. Spayd/Teresa D. Steuer, POA 2007-12-05