SEC Form 4 · accession 0001381668-16-000272
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cathy W Zbanek
Officer — Chief Mkting Off of subsidiary
Period of report
Dec 2, 2016
Accepted (ET)
Dec 6, 2016 · 3:20 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 | 19,922 | D | |
| Common StockF2 | Dec 2, 2016 | F | 460 | $18.61 | D | 19,462 | D | |
| Common StockF3 | holding | — | — | — | 5,555 | I | By ESOP | |
| Common StockF3 | holding | — | — | — | 5,362 | 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 UnitsF4,F5 | — | Dec 2, 2016 | M | 1,400 | D | — | — | Common Stock | 1,400 | 0 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock | 16,320 | 16,320 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 4,500 | 4,500 | D |
| Employee Stock Option (right to buy)F8 | $11.95 | holding | — | — | — | — | Aug 10, 2019 | Common Stock | 25,000 | 25,000 | D |
| Employee Stock Option (right to buy)F9 | $19.06 | holding | — | — | — | — | Dec 17, 2025 | Common Stock | 49,200 | 49,200 | D |
| Employee Stock Option (right to buy)F10 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 108,300 | 108,300 | D |
| Employee Stock Option (right to buy)F11 | $11.64 | holding | — | — | — | — | Dec 3, 2023 | Common Stock | 28,700 | 28,700 | D |
| Restricted Stock UnitsF4,F12 | — | holding | — | — | — | — | — | Common Stock | 2,200 | 2,200 | D |
| Employee Stock Option (right to buy)F13 | $8.61 | holding | — | — | — | — | Dec 19, 2021 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F14 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 32,400 | 32,400 | 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 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.
- F11As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 28,700 stock options. These stock options vest in three equal installments beginning December 3, 2014.
- 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.
- F13The reporting person received a grant of 40,000 stock options on December 19, 2011 which vest 100% on December 15, 2014.
- F14As 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.
- 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 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.
- F6As 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.
- F7As 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.
- F8The reporting person received a grant of 25,000 stock options on March 12, 2009. These stock options vest in three equal annual installments beginning August 11, 2011.
- F9As 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.