SEC Form 4 · accession 0001381668-16-000270
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Meredith S Weil
Officer — COO of subsidiary · Director
Period of report
Dec 2, 2016
Accepted (ET)
Dec 6, 2016 · 3:18 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 2, 2016 | M | 1,400 | $0.00 | A | 35,561 | D | |
| Common StockF2,F3 | Dec 2, 2016 | F | 460 | $18.61 | D | 35,101 | D | |
| Common StockF4,F3 | Dec 2, 2016 | G | 11,636 | $0.00 | D | 23,465 | D | |
| Common StockF5 | holding | — | — | — | 6,313 | I | BY ESOP | |
| Common StockF5 | holding | — | — | — | 10,425 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | — | Dec 2, 2016 | M | 1,400 | D | — | — | Common Stock | 1,400 | 0 | D |
| Restricted Stock UnitsF6,F8 | — | holding | — | — | — | — | — | Common Stock | 16,320 | 16,320 | D |
| Restricted Stock UnitsF6,F9 | — | holding | — | — | — | — | — | Common Stock | 2,200 | 2,200 | D |
| Employee Stock Option (right to buy)F10 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 32,400 | 32,400 | D |
| Employee Stock Option (right to buy)F11 | $8.61 | holding | — | — | — | — | Dec 15, 2021 | Common Stock | 36,900 | 36,900 | D |
| Employee Stock Option (right to buy)F12 | $11.64 | holding | — | — | — | — | Dec 3, 2023 | Common Stock | 28,700 | 28,700 | D |
| Employee Stock Option (right to buy)F13 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 108,300 | 108,300 | D |
| Restricted Stock UnitsF6,F14 | — | holding | — | — | — | — | — | Common Stock | 4,500 | 4,500 | D |
| Employee Stock Option (right to buy)F15 | $11.74 | holding | — | — | — | — | Aug 10, 2018 | Common Stock | 50,000 | 50,000 | D |
| Employee Stock Option (right to buy)F16 | $14.00 | holding | — | — | — | — | May 14, 2020 | Common Stock | 31,500 | 31,500 | D |
| Employee Stock Option (right to buy)F17 | $19.06 | holding | — | — | — | — | Dec 17, 2025 | Common Stock | 49,200 | 49,200 | D |
| Restricted Stock UnitsF6,F18 | — | holding | — | — | — | — | — | Common Stock | 3,600 | 3,600 | D |
| Employee Stock Option (right to buy)F19 | $9.43 | holding | — | — | — | — | Dec 15, 2022 | Common Stock | 41,700 | 41,700 | D |
Explanation of responses
- F1These common shares were acquired upon the vesting and settlement of certain restricted stock units.
- F10As 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.
- F11As reported on a Form 4 dated December 19, 2011, the reporting person received a grant of 36,900 stock options that vest in three equal annual installments beginning December 15, 2012.
- F12As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 28,700 stock options on December 3, 2013. These stock options vest in three equal installments beginning December 3, 2014.
- F13As 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.
- F14As 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.
- F15As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 50,000 stock options that vest in three equal annual installments beginning August 11, 2011.
- F16The reporting person received a grant of 31,500 stock options that vest in three equal annual installments beginning May 14, 2011.
- F17As 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.
- F18As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
- F19The reporting person received a grant of 41,700 stock options on December 28, 2012. These stock options vest in three equal installments beginning December 15, 2013.
- F2These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
- F3Shares are held with shared voting power with spouse.
- F4On December 6, 2016, the reporting person donated these shares to the Joshua R. Weil Search for Meaning fund at The Cleveland Foundation.
- F5Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F6Each 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.
- F7As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 4,200 Restricted Stock Units ("RSU's") on December 3, 2013. These RSU's vest in three equal annual installments beginning December 3, 2014.
- F8As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 20,400 Restricted Stock Units ("RSUs") on May 28, 2015. These RSUs vest in five equal annual installments beginning on May 28, 2016.
- F9On a Form 4 filed December 19, 2014, the reporting person received a grant of 3,300 Restricted Stock Units ("RSUs"). The RSUs vest in three equal annual installments beginning December 10, 2015.