SEC Form 4 · accession 0001381668-16-000207
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
May 25, 2016
Accepted (ET)
May 25, 2016 · 4:02 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 | May 25, 2016 | M | 25,000 | $11.74 | A | 49,387 | D | |
| Common StockF1 | May 25, 2016 | F | 18,881 | $18.41 | D | 30,506 | D | |
| Common StockF2 | May 25, 2016 | S | 6,119 | $18.40 | D | 24,387 | D | |
| Common StockF3 | holding | — | — | — | 36,709 | I | By 401(k) | |
| Common StockF3 | holding | — | — | — | 6,232 | I | ESOP | |
| Common Stock | holding | — | — | — | 4,700 | I | By Spouse's Ira | |
| Common Stock | holding | — | — | — | 2,000 | I | Child 2 |
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 | $11.74 | May 25, 2016 | M | 25,000 | D | — | Aug 10, 2018 | Common Stock | 25,000 | 0 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 4,500 | 4,500 | D |
| Restricted Stock UnitsF5,F7 | — | holding | — | — | — | — | — | Common Stock | 20,400 | 20,400 | D |
| Employee Stock Option (right to buy)F8 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 108,300 | 108,300 | D |
| Employee Stock Option (right to buy)F9 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 32,400 | 32,400 | D |
| Employee Stock Option (right to buy)F10 | $8.61 | holding | — | — | — | — | Dec 15, 2021 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F11 | $19.06 | holding | — | — | — | — | Dec 17, 2025 | Common Stock | 49,200 | 49,200 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Common Stock | 2,200 | 2,200 | 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. This transaction is exempt under Rule 16b-3(e).
- F10The reporting person received a grant of 40,000 stock options that vest 100% on December 15, 2014.
- F11As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.
- F12As 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.
- F2Shares are held with shared voting power with spouse.
- F3Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F4As reported on Form 4 filed August 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.
- 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 17, 2015, the reporting person received a grant of 4,500 Restricted Stock Units ("RSUs") on December 15, 2015. These RSUs vest in three equal annual installments beginning December 10, 2016.
- F7As 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.
- F8As 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.
- F9As 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.