X0202 4 2005-11-08 0001163428 WILLOW GROVE BANCORP INC/NEW WGBC 0001235877 TODD EMORY S C/O WILLOW GROVE BANK 170 SOUTH WARNER ROAD WAYNE PA 19087 1 0 0 0 Common Stock 2006-05-31 4 M 0 9385 10.27 A 41449 D Common Stock 2006-05-31 4 S 0 1000 17.18 D 40449 D Common Stock 2006-05-31 4 S 0 400 16.96 D 40049 D Common Stock 2006-05-31 4 S 0 1600 16.95 D 38449 D Common Stock 2006-05-31 4 S 0 1000 16.92 D 37449 D Common Stock 2006-05-31 4 S 0 200 16.81 D 37249 D Common Stock 2006-05-31 4 S 0 1000 16.76 D 36249 D Common Stock 2006-05-31 4 S 0 200 16.75 D 36049 D Common Stock 2006-05-31 4 S 0 800 16.74 D 35249 D Common Stock 2006-05-31 4 S 0 1000 16.70 D 34249 D Common Stock 2006-05-31 4 S 0 385 16.68 D 33864 D Common Stock 2006-05-31 4 S 0 1800 16.65 D 32064 D Common Stock 2005-11-08 4 P 0 3300 15.23 A 7235 I By IRA Stock Option (Right to Buy) 10.27 2006-05-31 4 M 0 9385 10.27 A 2008-07-01 Common Stock 9385 9385 D Stock Option (Right to Buy) 9.25 2012-06-19 Common Stock 8580 8580 D Stock Option (Right to Buy) 12.84 2013-06-30 Common Stock 4086 4086 D Includes 1,935 shares held in the 2005 Recognition and Retention Plan that vest over three years at 33.33% per year commencing on January 6, 2007. Also reflects reinvestment of dividends in 84 shares since the last filed Form 4. The option, which originally represented an option to acquire shares of CVAL common stock, became fully exercisable as a result of the merger and converted into an option to acquire shares of the Issuer'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. /s/ Emory S. Todd by Joseph T. Crowley, P.O.A. 2006-06-02