X0202 4 2007-12-03 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145533 KRAMER ALBERT H PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 0 0 0 Common Stock 2007-12-03 4 A 0 608 0 A 10375.5933 D 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 2007-12-27