X0303 4 2008-12-05 1 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 2008-12-05 4 D 0 50175 D 0 D Common Stock 2008-12-05 4 D 0 12088 D 0 I By Spouse Common Stock 2008-12-05 4 D 0 15726 D 0 I By IRA Common Stock 2008-12-05 4 D 0 8357 D 0 I By Issuer 401(k) Plan Common Stock 2008-12-05 4 D 0 2877 D 0 I By Issuer ESOP Common Stock 2008-12-05 4 D 0 14077 D 0 I By Deferred Compensation Plan Stock Option (Right to Buy) 8.81 2008-12-05 4 D 0 2702.7 D 2012-06-19 Common Stock 2702.7 0 D Stock Option (Right to Buy) 12.23 2008-12-05 4 D 0 18364.5 D 2013-06-30 Common Stock 18364.5 0 D Disposed of pursuant to the merger agreement between the issuer and Harleysville National Corporation ("HNC") in exchange for 0.73 shares of HNC common stock for each share of issuer common stock on the effective date of the merger. Includes 4,742 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 1/3 per year on January 6, 2007, and was adjusted for the February 2007 stock dividend and 8,299 shares granted pursuant to the RRP which reflect the unvested portion of a grant of 11,855 shares which are vesting at a rate of 1/3 per year commencing on January 5, 2008 and have been adjusted for the February 2007 stock dividend. Also includes 37,135 shares held jointly with the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose. This option, which provided for vesting in five equal annual installments beginning June 19, 2003, was assumed by HNC in the merger and replaced with an option to purchase 1,972 shares of HNC common stock for $12.07 per share. This option, which provided for vesting in five equal annual installments beginning June 30, 2004, was assumed by HNC in the merger and replaced with an option to purchase 13,406 shares of HNC common stock for $16.76 per share. /s/ Donna M. Coughey 2008-12-05