SEC Form 4 · accession 0001381668-15-000078
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Huml
Officer — Chief Operating Officer
Period of report
Sep 15, 2015
Accepted (ET)
Sep 16, 2015 · 12:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001381668
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 15, 2015 | M | 25,000 | $11.74 | A | 48,830 | D | |
| Common StockF1 | Sep 15, 2015 | F | 21,031 | $17.10 | D | 27,799 | D | |
| Common Stock | Sep 15, 2015 | S | 3,969 | $17.10 | D | 23,830 | D | |
| Common Stock | holding | — | — | — | 4,700 | I | By Spouse's Ira | |
| Common Stock | holding | — | — | — | 2,000 | I | As Custodian For Child 2 | |
| Common StockF2 | holding | — | — | — | 5,676 | I | ESOP | |
| Common StockF2 | holding | — | — | — | 36,497 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $11.74 | Sep 15, 2015 | M | 25,000 | D | — | Aug 10, 2018 | Common Stock | 25,000 | 25,000 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 20,400 | 20,400 | D |
| Employee Stock Option (right to buy)F6 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 108,300 | 108,300 | D |
| Employee Stock Option (right to buy)F7 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 32,400 | 32,400 | D |
| Employee Stock Option (right to buy)F8 | $8.61 | holding | — | — | — | — | Dec 15, 2021 | Common Stock | 40,000 | 40,000 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Common Stock | 3,300 | 3,300 | D |
Explanation of responses
- F1Represents shares of common stock withheld by the issuer in payment by the reporting person for the exercise price and applicable taxes due.
- F2Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F3As reported on a Form 4 filed August 13, 2008, the reporting person received a grant of 50,000 stock options. These options vest in three equal installments beginning on August 11, 2011.
- F4Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
- F5The reporting person received a grant of 20,400 Restricted Stock Units ("RSUs") on May 28, 2015. The RSUs vest in five equal installments beginning on May 28, 2016.
- F6The reporting person received a grant of 108,300 stock options on May 28, 2015. These stock options vest in five equal annual installments beginning May 28, 2016.
- F7As reported on a Form 4 filed December 19, 2014, the reporting person received a grant of 32,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2015.
- F8As reported on a Form 4 filed December 20, 2011, the reporting person received a grant of 40,000 stock options that vest 100% on December 15, 2014.
- F9As reported on a Form 4 filed December 19, 2014, the reporting person received a grant of 3,300 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2015.