content: <SEQUENCE>1
  <FILENAME>reinhardform144052107.txt
  
  
  
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.  20549
  
  FORM 144
  
  NOTICE OF PROPOSED SALE OF SECURITIES
  PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
  
  Attention:  Transmit for filing 3 copies of this form
  concurrently with either placing an order with a broker
  to execute sale or executing a sale directly with
  a market maker
  
  ______________________________________________________
  1 (a)  NAME OF ISSUER  (Please type or print)
  
  National Penn Bancshares, Inc.
  ------------------------------------------------------
  1 (b) IRS IDENT. NO.		(c)  SEC FILE NO.
  
  23-2215075				10957
  ------------------------------------------------------
  1 (d) 	ADDRESS OF ISSUER		STREET
  
  Philadelphia & Reading Avenues
  ------------------------------------------------------
  1 (d)	CITY		STATE		ZIP CODE
  
  Boyertown		PA		19512
  ------------------------------------------------------
  1 (e)  TELEPHONE
  ------------------------------------------------------
  	AREA CODE			NUMBER
  
  	610				369-6342
  ------------------------------------------------------
  2 (a)  	NAME OF PERSON WHOSE ACCOUNT THE SECURITIES
  ARE TO BE SOLD
  
  Michael R. Reinhard
  -------------------------------------------------------
  2 (b)  IRS IDENT. NO.	(c)  RELATIONSHIP TO ISSUER
  
  N/A				Group Exec. VP
  -------------------------------------------------------
  2 (d) ADDRESS			STREET
  
  Philadelphia & Reading Aves
  -------------------------------------------------------
  2(d)	CITY		STATE			ZIP CODE
  
  Boyertown		PA			19512
  -------------------------------------------------------
  
  INSTRUCTION:  The person filing this notice should
  contact the issuer to obtain the I.R.S. identification
  number and the SEC File Number.
  
  <TABLE>
  3(a)
  Title of the Class of Securities to be Sold
  (b)
  Name and Address of Each broker through
  whom the Securities are to be Offered or
  Each Market Maker who is Acquiring the Securities.
  SEC USE
  ONLY
  Broker-
  Dealer
  File
  Number
  (c)
  Number of
  Shares or Other Units to be Sold
  (See instr. 3(c))
  (d)
  Aggregate
  Market
  Value
  (See instr.
  3(d))
  (e)
  Number of Shares or Other Units Outstanding
  (See instr.3(e)).(f) Approximate Date of Sale
  (See instr 3(f)) (MO DAY YR)
  (g) Name of each securities exchange
  (see instr. 3(g))
  <S>
  
  Common Stock<C>
  PrimeVest Financial Services, Inc.
  400 First Street South
  St. Clous, MN  56301
  <C>
  <C>
  
  12,596
  <C>
  
  $228,000
  <C>
  
  48,065,865<c>
  
  5/22/2007<C>
  
  NASDAQ
  ---------------------------------------------------------
  </TABLE>
  
  INSTRUCTIONS:
  1. (a) Name of issuer
     (b) Issuers I.R.S. Identification Number
     (c) Issuers S.E.C. file number, if any
     (d) Issuers address, including zip code
     (e) Issuers telephone number, including area code
  
  2. (a) Name of person for whose account the securities
  are to be sold
     (b) Such persons I.R.S. identification number, if
  such person is an entity
     (c) Such persons relationship to the issuer (e.g.,
  officer, director, 10% stockholder, or member of
  immediate family or any of the foregoing)
     (d) Such persons address, including zip code.
  
  3. (a) Title of the class of securities to be sold
     (b) Name and address of each broker through whom
  the securities are intended to be sold
     (c) Number of shares or other units to be sold
  (if debt securities are intended to be sold.
     (d) Aggregate market value of the securities to
  be sold as of a specified date within 10 days prior
  to the filing of this notice.
     (e) Number of shares of other units of the class
  outstanding, or if debt securities the face amount
  thereof outstanding, as shown by the most recent
  report or statement published by the issuer.
     (f) Approximate date on which the securities
  are to be sold.
     (g) Name of each securities exchange, if any,
  on which the securities are intended to be sold.
  <PAGE>
  
  TABLE I  SECURITIES TO BE SOLD
  
  Furnish the following information with respect to
  the acquisition of the securities to be sold with
  respect to the payment of all or any part of the
  purchase price or other consideration therefore:
  
  <TABLE>
  <CAPTION>
  
  Title of ClassDate you AcquiredNature of Acquisition Transaction
  (if gift, also give date donor acquired)Amount of Securities
  Acquired Date of PaymentNature of Payment
  -----------------------------------
  <S>
  Common Stock,
  <C>
  12/11/97
  <C>
  Non-Qualified Stock Options Granted by Company
  <C>
  National Penn Bancshares Inc
  <C>
  12,596
  <C>
  Payable on Exercise
  <C>
  Cash
  --------------------------------------------
  </TABLE>
  
  INSTRUCTIONS:
  
  1.  If the securities were purchased and full payment
  therefore was not made in cash at the time of purchase,
  explain in the table or in a note thereto the nature of
  the consideration given. If the consideration consisted of
  any note or other obligation,or if payment was made in
  installments describe the arrangement and state when the
  note or other obligation was discharged in full
  or the last installment paid.
  
  2.  If within two years after the acquisition of the
  securities the person for whose account they are to be
  sold had any short positions, put or other
  option to dispose of securities referred to in
  paragraph (d) (3) or Rule 144,
  furnish full information with respect thereto.
  
  TABLE II  SECURITIES SOLD DURING THE PAST 3 MONTHS
  
  
  Furnish the following information as to all securities
  of the issuer sold during the past 3 months by the person
  for whose account the securities are to be sold.
  
  <TABLE>
  <CAPTION>
  
  Name and Address of SellerTitle of Securities SoldDate of Sale
  Amount of Securities SoldGross Proceeds
  
  ----------------------------------------------------------
  <S>
  N/A
  <C>
  N/A
  <C>
  N/A
  <C>
  N/A
  <C>
  N/A
  
  ----------------------------------------------------------
  </TABLE>
  
  REMARKS:
  
  INSTRUCTIONS:
  
  See the definition of person in paragraph (a) of Rule 144.
  Information is to be given not only as to the person for whose
  account the securities are to be sold but also as to sales by
  all persons whose sales are required by paragraph
  (e) of Rule 144 to be aggregated with sales for the account
  of the person filing this notice.
  
  ATTENTION
  
  The person for whose account the securities to which this notice
  relates are to be sold hereby represents by signing this notice
  that he does not know any material adverse information in regard
  to the current and prospective operations of the Issuer of the
  securities to be sold which has not been publicly disclosed.
  
  
  5/21/2007				/S/ Michael R. Reinhard
  ______________________			______________________
  DATE OF NOTICE				(SIGNATURE)
  
  The notice shall be signed by the person for whose account the
  securities are to be sold.  At least one copy of the notice shall
  be manually signed.
  
  Any copies not manually signed shall bear typed or printed signatures.
  
  ATTENTION:  Intentional misstatements or omission of facts constitute
  Federal Criminal Violations (See 18 U.S.C. 1001).
metadata_documents: [{"type": "144", "sequence": "1", "filename": "reinhardrule144.txt", "description": "REINHARDRULE144052107", "secsgml_size_bytes": 6811}]
text: 1
  reinhardform144052107.txt
  
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.  20549
  
  FORM 144
  
  NOTICE OF PROPOSED SALE OF SECURITIES
  PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
  
  Attention:  Transmit for filing 3 copies of this form
  concurrently with either placing an order with a broker
  to execute sale or executing a sale directly with
  a market maker
  
  ______________________________________________________
  1 (a)  NAME OF ISSUER  (Please type or print)
  
  National Penn Bancshares, Inc.
  ------------------------------------------------------
  1 (b) IRS IDENT. NO.		(c)  SEC FILE NO.
  
  23-2215075				10957
  ------------------------------------------------------
  1 (d) 	ADDRESS OF ISSUER		STREET
  
  Philadelphia & Reading Avenues
  ------------------------------------------------------
  1 (d)	CITY		STATE		ZIP CODE
  
  Boyertown		PA		19512
  ------------------------------------------------------
  1 (e)  TELEPHONE
  ------------------------------------------------------
  	AREA CODE			NUMBER
  
  	610				369-6342
  ------------------------------------------------------
  2 (a)  	NAME OF PERSON WHOSE ACCOUNT THE SECURITIES
  ARE TO BE SOLD
  
  Michael R. Reinhard
  -------------------------------------------------------
  2 (b)  IRS IDENT. NO.	(c)  RELATIONSHIP TO ISSUER
  
  N/A				Group Exec. VP
  -------------------------------------------------------
  2 (d) ADDRESS			STREET
  
  Philadelphia & Reading Aves
  -------------------------------------------------------
  2(d)	CITY		STATE			ZIP CODE
  
  Boyertown		PA			19512
  -------------------------------------------------------
  
  INSTRUCTION:  The person filing this notice should
  contact the issuer to obtain the I.R.S. identification
  number and the SEC File Number.
  
  3(a)
  Title of the Class of Securities to be Sold
  (b)
  Name and Address of Each broker through
  whom the Securities are to be Offered or
  Each Market Maker who is Acquiring the Securities.
  SEC USE
  ONLY
  Broker-
  Dealer
  File
  Number
  (c)
  Number of
  Shares or Other Units to be Sold
  (See instr. 3(c))
  (d)
  Aggregate
  Market
  Value
  (See instr.
  3(d))
  (e)
  Number of Shares or Other Units Outstanding
  (See instr.3(e)).(f) Approximate Date of Sale
  (See instr 3(f)) (MO DAY YR)
  (g) Name of each securities exchange
  (see instr. 3(g))
  Common Stock
  PrimeVest Financial Services, Inc.
  400 First Street South
  St. Clous, MN  56301
  12,596
  $228,000
  48,065,865
  5/22/2007
  NASDAQ
  ---------------------------------------------------------
  INSTRUCTIONS:
  1. (a) Name of issuer
     (b) Issuers I.R.S. Identification Number
     (c) Issuers S.E.C. file number, if any
     (d) Issuers address, including zip code
     (e) Issuers telephone number, including area code
  
  2. (a) Name of person for whose account the securities
  are to be sold
     (b) Such persons I.R.S. identification number, if
  such person is an entity
     (c) Such persons relationship to the issuer (e.g.,
  officer, director, 10% stockholder, or member of
  immediate family or any of the foregoing)
     (d) Such persons address, including zip code.
  
  3. (a) Title of the class of securities to be sold
     (b) Name and address of each broker through whom
  the securities are intended to be sold
     (c) Number of shares or other units to be sold
  (if debt securities are intended to be sold.
     (d) Aggregate market value of the securities to
  be sold as of a specified date within 10 days prior
  to the filing of this notice.
     (e) Number of shares of other units of the class
  outstanding, or if debt securities the face amount
  thereof outstanding, as shown by the most recent
  report or statement published by the issuer.
     (f) Approximate date on which the securities
  are to be sold.
     (g) Name of each securities exchange, if any,
  on which the securities are intended to be sold.
  TABLE I  SECURITIES TO BE SOLD
  
  Furnish the following information with respect to
  the acquisition of the securities to be sold with
  respect to the payment of all or any part of the
  purchase price or other consideration therefore:
  Title of ClassDate you AcquiredNature of Acquisition Transaction
  (if gift, also give date donor acquired)Amount of Securities
  Acquired Date of PaymentNature of Payment
  -----------------------------------
  Common Stock,
  12/11/97
  Non-Qualified Stock Options Granted by Company
  National Penn Bancshares Inc
  12,596
  Payable on Exercise
  Cash
  --------------------------------------------
  INSTRUCTIONS:
  
  1.  If the securities were purchased and full payment
  therefore was not made in cash at the time of purchase,
  explain in the table or in a note thereto the nature of
  the consideration given. If the consideration consisted of
  any note or other obligation,or if payment was made in
  installments describe the arrangement and state when the
  note or other obligation was discharged in full
  or the last installment paid.
  
  2.  If within two years after the acquisition of the
  securities the person for whose account they are to be
  sold had any short positions, put or other
  option to dispose of securities referred to in
  paragraph (d) (3) or Rule 144,
  furnish full information with respect thereto.
  
  TABLE II  SECURITIES SOLD DURING THE PAST 3 MONTHS
  
  Furnish the following information as to all securities
  of the issuer sold during the past 3 months by the person
  for whose account the securities are to be sold.
  Name and Address of SellerTitle of Securities SoldDate of Sale
  Amount of Securities SoldGross Proceeds
  
  ----------------------------------------------------------
  N/A
  N/A
  N/A
  N/A
  N/A
  
  ----------------------------------------------------------
  REMARKS:
  
  INSTRUCTIONS:
  
  See the definition of person in paragraph (a) of Rule 144.
  Information is to be given not only as to the person for whose
  account the securities are to be sold but also as to sales by
  all persons whose sales are required by paragraph
  (e) of Rule 144 to be aggregated with sales for the account
  of the person filing this notice.
  
  ATTENTION
  
  The person for whose account the securities to which this notice
  relates are to be sold hereby represents by signing this notice
  that he does not know any material adverse information in regard
  to the current and prospective operations of the Issuer of the
  securities to be sold which has not been publicly disclosed.
  
  5/21/2007				/S/ Michael R. Reinhard
  ______________________			______________________
  DATE OF NOTICE				(SIGNATURE)
  
  The notice shall be signed by the person for whose account the
  securities are to be sold.  At least one copy of the notice shall
  be manually signed.
  
  Any copies not manually signed shall bear typed or printed signatures.
  
  ATTENTION:  Intentional misstatements or omission of facts constitute
  Federal Criminal Violations (See 18 U.S.C. 1001).