X0303 4 2011-03-16 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001289815 Bodnyk Sandra PHILADELPHIA & READING AVENUES P. O. BOX 547 BOYERTOWN PA 19512-0547 1 CHIEF RISK OFFICER Common Stock 2011-03-16 4 F 0 11552 7.28 D 51494 D 401K 1423 I 401(k) Represents the number of shares withheld to satisfy tax obligations upon the vesting of restricted stock awards for a total of 37,772 shares granted on February 1, 2010 and January 24, 2011. The restricted stock awards vested pursuant to their terms on March 16, 2011 upon NPBC's repayment in full to the US Treasury for Treasury's investment in NPBC pursuant to its TARP Capital Purchase Program ("TARP"). This total includes 37,772 shares which vested on March 16, 2011 pursuant to NPBC's repayment in full of TARP, less 11,552 shares withheld to satisfy tax withholding obligations. /s/ H. Anderson Ellsworth, by power of attorney 2011-03-17