X0303 4 2009-05-06 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001421460 FRANGOPOULOS ZISSIMOS A PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 Director of Subsidiary Div. Common Stock 2009-05-06 4 M 0 3500 4.34 A 33513 D Common Stock 4652.2594 I 401k Common Stock 3676 I Spouse Employee Stock Option (Right to Buy) 4.34 2009-05-06 4 M 0 3500 0 D 2008-01-04 2014-12-31 Common Stock 3500 5209 D /s/ Michelle H. Debkowski, by power of attorney 2009-05-06