X0101 4 2003-05-29 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001145543 WEAVER SHARON L 0 1 0 0 Group Executive Vice President Common Stock 2003-05-29 4 M 0 3694 16.8592 A 0 D Common Stock 2003-05-29 4 S 0 3694 30.00 D 2074.9110 D Common Stock 2003-05-29 4 J 0 522.986 0 A 5670.952 I 401K Plan Employee Stock Option (Right to Buy) 16.8592 2003-05-29 4 M 0 3694 0 D 1995-09-22 2003-10-22 Common Stock 3694 0 D Includes 9.2938 shares upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan on 2/17/03. Includes 17.0931 shares acquired pursuant through Company's exempt Employee Stock Purchase Plan during first and second quarters 2003. Includes 384.294 shares acquired during fourth quarter 2002 and 138.692 shares acquired during the first quarter 2003 pursuant to the Company's Capital Accumulation Plan (a 401(k) plan). The total is based on the most recent plan statement available (as fo March 31,2003). All shares were acquired in routine new-money acquisitions exempt under Rule 16b-3(c) and Rule 16a-3 (f)(1)(I)(B). This option was adjusted to reflect the 5% stock dividend paid by the Company on December 27, 2002. Additional options held with various exercise prices or expiration dates. Total options held, after adjustment for 5% stock dividend paid by the Company on December 27, 2002, are 64,948. Sharon L. Weaver 2003-05-30