X0303 4 2009-09-30 1 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001234116 TAYLOR D MICHAEL PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 Director of Subsidiary Divisio Common Stock 2009-09-30 4 M 0 1000 0 A 79659.6127 D Phantom Stock 2009-09-30 4 M 0 1000 0 D Common Stock 1000 0 D 1 for 1 The phantom stock units granted under the National Penn Bancshares, Inc. Long-Term Incentive Compensation Plan are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's retirement from the Board. Each share of phantom stock was the economic equivalent of one share of NPBC common stock. The reporting person has retired and these shares were paid in accordance with the terms of the National Penn Long-Term Incentive Compensation Plan. /s/ Michelle H. Debkowski, by power of attorney 2009-10-02