Who was the Pennsylvania colony named after?

In 1681, the land charter for the region was granted by Charles II to William Penn in order to repay a debt of 16,000 Pounds owed to William Penn's father, Admiral William Penn. As such, Pennsylvania was named after William Penn. The name was a combination of "Penn's (plural possessive) Woods" or Penn's Forest. Pennsylvania was full of thick, lush forests full of game.