X0201 4 2004-01-22 0 0000790183 PROGRESS FINANCIAL CORP PFNC 0001203406 MAY A JOHN III PEPPER, HAMILTON LLP 400 BERWYN PARK, 899 CASSATT ROAD BERWYN PA 19312 1 0 0 0 PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 637 6.79 A 9752 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 2100 6.79 A 11852 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 2172 8.93 A 14024 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 3188 4.31 A 17212 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 317 6.56 A 17529 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 636 13.57 A 18165 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 637 7.14 A 18802 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 775 7.11 A 19577 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 636 10.69 A 20213 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 637 11.06 A 20850 D PFNC Common Stock (acquired thought stock options) 2004-01-20 4 M 0 637 11.45 A 21487 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 971 11.43 A 22458 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 645 11.34 A 23103 D PFNC Common Stock (acquired through stock options) 2004-01-20 4 M 0 968 10.2 A 24071 D PFNC Common Stock 2004-01-20 4 F 0 3941 30.96 D 20130 D PFNC Stock Options (right to buy) 6.79 2004-01-20 4 X 0 637 6.79 D 2000-12-29 2010-12-29 common stock 637 0 D PFNC Stock Options (right to buy) 6.79 2004-01-20 4 X 0 2100 6.79 D 2001-01-02 2011-01-02 common stock 2100 0 D PFNC Stock Options (right to buy) 8.93 2004-01-20 4 X 0 2172 8.93 D 2001-01-23 2011-01-23 common stock 2172 0 D PFNC Stock Options (right to buy) 4.31 2004-01-20 4 X 0 3188 4.31 D 1996-02-29 2006-02-28 common stock 3188 0 D PFNC Stock Options (right to buy) 6.56 2004-01-20 4 X 0 317 6.56 D 1996-12-31 2006-12-31 common stock 317 0 D PFNC Stock Options (right to buy) 13.57 2004-01-20 4 X 0 636 13.57 D 1997-12-31 2007-12-31 common stock 636 0 D PFNC Stock Options (right to buy) 7.14 2004-01-20 4 X 0 637 7.14 D 2001-12-31 2011-12-31 common stock 637 0 D PFNC Stock Options (right to buy) 7.11 2004-01-20 4 X 0 775 7.11 D 2002-01-02 2012-01-02 common stock 775 0 D PFNC Stock Options (right to buy) 10.69 2004-01-20 4 X 0 636 10.69 D 1998-12-31 2008-12-31 common stock 636 0 D PFNC Stock Option (right to buy) 11.06 2004-01-20 4 X 0 637 11.06 D 2002-12-31 2012-12-31 common stock 637 0 D PFNC Stock Options (right to buy) 11.45 2004-01-20 4 X 0 637 11.45 D 1999-12-31 2009-12-31 common stock 637 0 D PFNC Stock Options (right to buy) 11.43 2004-01-20 4 X 0 971 11.43 D 2003-01-22 2013-01-22 common stock 971 0 D PFNC Stock Options (right to buy) 11.34 2004-01-20 4 X 0 645 11.34 D 2000-02-01 2010-02-01 common stock 645 0 D PFNC Stock Options (right to buy) 10.2 2004-01-20 4 X 0 968 10.2 D 2000-04-25 2010-04-25 common stock 968 0 D /s/ Michael B. High, POA for A. John May, III 2004-01-22