X0201 4 2004-03-15 0000856751 FIRST KEYSTONE FINANCIAL INC FKFS 0001244924 KELLY THOMAS MICHAEL 211 WINDHAM DRIVE EXTON PA 19341 1 1 0 0 President/COO common stock 2004-03-15 4 M 0 22720 7.50 A 24116 D common stock 2004-03-15 4 S 0 100 28.00 D 24016 D common stock 2004-03-15 4 S 0 2500 27.70 D 21516 D common stock 2004-03-15 4 S 0 4000 27.10 D 17516 D common stock 2004-03-15 4 S 0 1000 27.62 D 16516 D common stock 2004-03-15 4 S 0 2400 27.13 D 14116 D common stock 9581.6875 I 401K Plan common stock 13983.9281 I ESOP employee stock option (right to buy) 7.50 2004-03-15 4 M 0 22720 D 2000-07-26 2005-07-26 common stock 22720 14000 D transaction is the exercise of stock options and the exercise price is reported in column 2. Thomas Michael Kelly 2004-03-16