X0304 4 2012-03-13 0000700733 NATIONAL PENN BANCSHARES INC NPBC 0001470524 HUGHES MICHAEL J READING AND PHILADELPHIA AVES. P. O. BOX 547 BOYERTOWN PA 19512 1 CHIEF FINANCIAL OFFICER Common Stock 2012-03-13 4 M 0 40000 5.60 A 177146.9301 D Employee Stock Option (Right to Buy) 5.60 2012-03-13 4 M 0 40000 0 D 2009-08-31 2019-08-31 Common Stock 40000 40000 D /s/ H. Anderson Ellsworth, by power of attorney 2012-03-14