X0202 4 2006-11-08 0001163428 WILLOW FINANCIAL BANCORP, INC. WFBC 0001235872 COUGHEY DONNA M C/O WILLOW FINANCIAL BANK 170 SOUTH WARNER ROAD WAYNE PA 19087 1 1 0 0 President and CEO Common Stock 2006-11-08 4 P 0 999 14.99 A 47718 D Common Stock 2006-11-08 4 P 0 685 14.99 A 14431 I By IRA Common Stock 6627.784 I By 401(k) Plan Common Stock 1799 I By Spouse Common Stock 986 I By First Financial Bank ESOP Stock Option (Right to Buy) 9.2485 2012-06-19 Common Stock 2574 2574 D Stock Option (Right to Buy) 12.8378 2013-06-30 Common Stock 17490 17490 D Includes 13,548 shares awarded pursuant to the 2005 Recognition and Retention Plan that vest in three equal annual installments commencing on January 6, 2007. The information in this report is based on a plan statement dated as of September 30, 2006. The 986 shares are held in the First Financial Bank Employee Stock Ownership Plan ("ESOP"). Such plan will be terminated and the shares held thereby distributed to participants upon receipt of a qualified determination letter. Does not reflect final allocation of shares held in such ESOP. The option, which originally represented an option to acquire shares of Chester Valley Bancorp Inc. common stock, was converted into an option to acquire shares of the Issuer's common stock and is vesting and exercisable in accordance with its original vesting schedule. /s/ Donna M. Coughey 2006-11-09