Filing Details

Accession Number:
0001127602-16-046922
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-18 14:52:50
Reporting Period:
2016-03-17
Filing Date:
2016-03-18
Accepted Time:
2016-03-18 14:52:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
700733 National Penn Bancshares Inc NPBC National Commercial Banks (6021) 232215075
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1246955 Iv F Christian Martin 645 Hamilton Street
Allentown PA 18101
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-03-17 858 $11.65 421,242 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,182 Indirect Daughter
Common Stock 53,227 Indirect Spouse
Common Stock 66,893 Indirect Subsidiary
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom Stock (Deferred Stock) $0.00 40,393 40,393 Direct
Common Stock Phantom Stock (RSUs) $0.00 51,211 51,211 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
40,393 40,393 Direct
51,211 51,211 Direct
Footnotes
  1. Shares purchased through voluntary cash contribution feature of NPBC's Dividend Reinvestment Plan, per the reporting person's 10b5-1 Plan dated April 28, 2015 and approved by NPBC's Board of Directors.
  2. Balance includes shares acquired upon reinvestment of cash dividends under the Company's exempt Dividend Reinvestment Plan.
  3. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  4. 1 for 1
  5. The phantom stock units were accrued under the National Penn Bancshares, Inc. Directors' Fee Plan and are to be settled in National Penn Bancshares, Inc. common stock upon the reporting person's termination of service as a director or reaching the age of 65, as elected by such person.
  6. Balance includes Phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Directors' Fee Plan. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Directors' Fee Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from line item reporting under SEC Rule 16a-11.
  7. 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 after vesting and upon the reporting person's resignation from the Board.
  8. Balance includes phantom stock units acquired upon "reinvestment" of dividends accrued on phantom stock units under the Long-Term Incentive Compensation Plan. Because the Company has a dividend reinvestment plan available to substantially all of its shareholders on terms similar to the dividend reinvestment feature of the Long-Term Incentive Compensation Plan, the acquisition of phantom stock units with "reinvested" dividends is exempt from the line item reporting under SEC Rule 16a-11.