Filing Details

Accession Number:
0000898822-11-000732
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-24 18:17:49
Reporting Period:
2011-08-22
Filing Date:
2011-08-24
Accepted Time:
2011-08-24 18:17:49
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
929408 Warburg Pincus & Co 450 Lexington Avenue
New York NY 10017
Yes No Yes No
1162870 Warburg Pincus Llc 450 Lexington Avenue
New York NY 10017
Yes No Yes No
1220638 Joseph Landy C/O Warburg Pincus Llc
450 Lexington Ave
New York NY 10017
Yes No Yes No
1239318 R Charles Kaye C/O Warburg Pincus Llc
450 Lexington Ave
New York NY 10017
Yes No Yes No
1322709 Warburg Pincus Partners Llc 450 Lexington Avenue
New York NY 10017
Yes No Yes No
1414561 Warburg Pincus X, L.p. C/O Warburg Pincus Llc
450 Lexington Avenue
New York NY 10017
Yes No Yes No
1414564 Warburg Pincus X Llc C/O Warburg Pincus Llc
450 Lexington Avenue
New York NY 10017
Yes No Yes No
1414565 Warburg Pincus Private Equity X, L.p. C/O Warburg Pincus Llc
450 Lexington Avenue
New York NY 10017
Yes No Yes No
1451560 Warburg Pincus X Partners, L.p. 450 Lexington Avenue
New York NY 10017
Yes No Yes 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, No Par Value Acquisiton 2011-08-22 207,400 $6.28 25,484,398 No 4 P Direct
Common Stock, No Par Value Acquisiton 2011-08-23 154,544 $6.47 25,638,942 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions in the open market at prices ranging from $6.20 to $6.37, inclusive. The Warburg Pincus Reporting Persons (as defined below) undertake to provide to any securityholders of National Penn Bancshares, Inc. (the "Issuer") or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1).
  2. As of August 24, 2011, Warburg Pincus Private Equity X, L.P., a Delaware limited partnership (together with Warburg Pincus X Partners, L.P., an affiliated Delaware limited partnership, "WP X") is the holder of 25,638,942 shares of common stock, no par value (the "Common Stock") of the Issuer. Warburg Pincus X, L.P., a Delaware limited partnership ("WP X LP"), is the general partner of WP X; Warburg Pincus X LLC, a Delaware limited liability company ("WP X LLC") is the general partner of WP X LP; Warburg Pincus Partners LLC, a New York limited liability company ("WP Partners") is the sole member of WP X LLC; Warburg Pincus & Co., a New York general partnership ("WP") is the managing member of WP Partners; Warburg Pincus LLC, a New York limited liability company ("WP LLC") manages WP X; (Continued in Footnote 3)
  3. and each of Messrs. Charles R. Kaye and Joseph P. Landy is a Managing General Partner of WP and a Managing Member and Co-President of WP LLC who may be deemed to control WP X, WP X LP, WP X LLC, WP Partners, WP and WP LLC (Messrs. Charles R. Kaye and Joseph P. Landy, together with WP X, WP X LP, WP X LLC, WP Partners, WP and WP LLC, the "Warburg Pincus Reporting Persons"). By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), each of WP X LP, WP X LLC, WP Partners, WP, WP LLC, and Messrs. Kaye and Landy may be deemed to be the beneficial owner of the shares of Common Stock held by WP X.
  4. Information with respect to each of the Warburg Pincus Reporting Persons is given solely by such Warburg Pincus Reporting Persons, and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by another Warburg Pincus Reporting Person.
  5. Pursuant to Rule 16a-1(a)(4) of the Exchange Act, each of the Warburg Pincus Reporting Persons, other than WP X, herein states that this Statement shall not be deemed an admission that he or it is the beneficial owner of any of the shares of Common Stock covered by this Statement. Each of WP X LP, WP X LLC, WP Partners, WP, WP LLC, and Messrs. Kaye and Landy disclaims beneficial ownership of the Common Stock, except to the extent of its or his pecuniary interest in such shares of Common Stock.
  6. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions in the open market at prices ranging from $6.24 to $6.60, inclusive. The Warburg Pincus Reporting Persons undertake to provide to any securityholders of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (6).