X0202 4 2005-08-31 0001163428 WILLOW GROVE BANCORP INC/NEW WGBC 0001235878 KELLY MATTHEW D C/O WILLOW GROVE BANK WELSH AND NORRISTOWN ROADS MAPLE GLEN PA 19002 0 1 0 0 (2) Stock Option (Right to Buy) 8.96 2005-08-31 4 A 0 8580 A 2012-03-18 Common Stock 8580 8580 D Stock Option (Right to Buy) 9.25 2005-08-31 4 A 0 8580 A 2012-06-19 Common Stock 8580 8580 D The option, which originally represented an option to acquire shares of Chester Valley Bancorp Inc. common stock, became fully exercisable as a result of the merger and converted into an option to acquire shares of Willow Grove Bancorp, Inc.'s common stock with the number of shares subject to the option and the exercise price adjusted based on the exchange ratio of 1.4823. (2) - Executive Vice President - Chief Wealth Management Officer, Willow Grove Bank (Issuer subsidiary) /s/ Matthew D. Kelly by Joseph T. Crowley, P.O.A. 2005-09-01