SEC Form 4 · accession 0001381668-15-000140
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anna Maria P Motta
Officer — Chief Information Officer
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 1:39 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 Stock | Dec 15, 2015 | M | 10,000 | $8.61 | A | 46,608 | D | |
| Common StockF1 | Dec 15, 2015 | F | 6,325 | $19.02 | D | 40,283 | D | |
| Common StockF2 | holding | — | — | — | 6,151 | I | ESOP | |
| Common StockF2 | holding | — | — | — | 10,900 | I | 401(k) | |
| Common StockF3 | holding | — | — | — | 1,000 | I | By Mother |
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)F4 | $8.61 | Dec 15, 2015 | M | 10,000 | D | — | Dec 19, 2021 | Common Stock | 10,000 | 15,000 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 13,000 | 13,000 | D |
| Employee Stock Option (right to buy)F7 | $11.74 | holding | — | — | — | — | Aug 10, 2018 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F8 | $15.08 | holding | — | — | — | — | Dec 11, 2024 | Common Stock | 26,000 | 26,000 | D |
Explanation of responses
- F1Represents shares of common stock delivered to the issuer in payment by the reporting person of the options exercise price and withholding tax. This transaction is exempt under Rule 16b-3(e).
- F2Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F3Shares are owned by the reporting person's mother who resides in the same household. Reporting person has no pecuniary interest in the shares.
- F4The reporting person received a grant of 40,000 stock options which vested 100% on December 15, 2014. The reporting person exercised 15,000 of her stock options on February 19, 2015.
- F5Each 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.
- F6As reported on a Form 4 dated December 15, 2014, the reporting person received a grant of 13,000 Restricted Stock Units ("RSUs") that fully vest on December 10, 2017.
- F7The reporting person received a grant of 50,000 stock options that vested in three equal annual installments beginning on August 11, 2011. The reporting person previously exercised 10,000 of these stock options.
- F8On December 11, 2014, the reporting person received a grant of 26,000 stock options. These stock options vest on December 10, 2017.