SEC Form 4 · accession 0001381668-15-000134
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
Dec 10, 2015
Accepted (ET)
Dec 14, 2015 · 12:12 pm EST
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 StockF1 | Dec 10, 2015 | M | 1,100 | $0.00 | A | 24,930 | D | |
| Common StockF2 | Dec 10, 2015 | F | 543 | $18.65 | D | 24,387 | D | |
| Common StockF3 | holding | — | — | — | 5,709 | I | ESOP | |
| Common StockF3 | holding | — | — | — | 36,709 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 2,000 | I | Child 2 | |
| Common Stock | holding | — | — | — | 4,700 | I | By Spouse's Ira |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Dec 10, 2015 | M | 1,100 | D | — | — | Common Stock | 1,100 | 2,200 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 20,400 | 20,400 | D |
| Employee Stock Option (right to buy)F7 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 108,300 | 108,300 | D |
| Employee Stock Option (right to buy)F8 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 32,400 | 32,400 | D |
| Employee Stock Option (right to buy)F9 | $8.61 | holding | — | — | — | — | Dec 15, 2021 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F10 | $11.74 | holding | — | — | — | — | Aug 10, 2018 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1These common shares were acquired upon the vesting and settlement of certain restricted stock units.
- F10As reported on Form 4 filed 8/13/2008, the reporting person received options to purchase 50,000 shares, which vest in three equal annual installments beginning on August 11, 2011. The reporting person previously exercised 25,000 of these stock options.
- F2These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
- F3Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- 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.
- F5As reported on a Form 4 dated 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.
- F6As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 20,400 Restricted Stock Units ("RSUs"). The RSUs vest in five equal annual installments beginning on May 28, 2016.
- F7As reported on a Form 4 dated May 29, 2015, the 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.
- F8As reported on a Form 4 dated 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.
- F9As reported on a Form 4 filed December 20, 2011, the reporting person received a grant of 40,000 stock options that vested 100% December 15, 2014.