X0202 4 2007-05-31 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 2007-05-31 4 P 0 900 11.70 A 9288 I By Spouse Common Stock 2007-05-31 4 P 0 100 11.69 A 9388 I By Spouse Common Stock 2007-05-31 4 P 0 300 11.625 A 9688 I By Spouse Common Stock 2007-05-31 4 P 0 200 11.63 A 9888 I By Spouse Common Stock 2007-05-31 4 P 0 200 11.62 A 10088 I By Spouse Common Stock 62551 D Common Stock 15152 I By IRA Common Stock 8838.946 I By 401(k) Plan Common Stock 1035 I By First Financial Bank ESOP Stock Option (Right to Buy) 8.8095 2012-06-19 Common Stock 2702 2702 D Stock Option (Right to Buy) 12.2286 2013-06-30 Common Stock 18364 18364 D On January 23, 2007, the Issuer declared a 5% stock dividend, payable on February 23, 2007 to all holders of record of common stock on February 9, 2007. As a result, the reporting person received .05 shares of Issuer common stock for each share held as of February 9, 2007. Includes 9,483 shares granted pursuant to the 2005 Recognition and Retention Plan ("RRP") which reflect the unvested portion of a grant amount originally covering 13,548 shares that commenced vesting at a rate of 33.33% per year on January 6, 2007, and was adjusted for the stock dividend. Also includes the grant of 12,447 shares pursuant to the RRP that vest over three years at 33.33% per year commencing on January 5, 2008 that originally represented a grant of 11,855 shares which have been adjusted for the stock dividend. The 1,035 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 allocations of shares held in such ESOP. This option was previously reported as an option for 2,574 shares of common stock at an exercise price of $9.2485 per share, but was adjusted to reflect the stock dividend declared on January 23, 2007. This option was previously reported as an option for 17,490 shares of common stock at an exercise price of $12.8378 per share, but was adjusted to reflect the stock dividend declared on January 23, 2007. 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 by Neil Kalani as P.O.A. 2007-06-01