SEC Form 4 · accession 0001381668-16-000294

TFS Financial CORP · TFSL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Marc A Stefanski

Officer — Chairman, President and CEO · Director

Period of report

Dec 10, 2016

Accepted (ET)

Dec 13, 2016 · 1:46 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^F1	Dec 10, 2016	M	5,933	$0.00	A	109,478	D
Common Stock^F1	Dec 10, 2016	M	11,033	$0.00	A	120,511	D
Common Stock	holding	—	—		—	17,800	I	By Child 4
Common Stock	holding	—	—		—	20,800	I	By Child 5
Common Stock^F2	holding	—	—		—	86,861	I	By 401(k)
Common Stock^F2	holding	—	—		—	6,851	I	BY ESOP
Common Stock	holding	—	—		—	7,200	I	POA on siblings IRA
Common Stock	holding	—	—		—	115,738	I	Trustee for sibling trust
Common Stock	holding	—	—		—	6,200	I	Trustee for daughter's trust
Common Stock	holding	—	—		—	16,800	I	Trustee for son's trust

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F4	—	Dec 10, 2016	M	5,933	D	—	—	Common Stock	5,933	11,867	D
Restricted Stock Units^F3,F5	—	Dec 10, 2016	M	11,033	D	—	—	Common Stock	11,033	11,034	D
Employee Stock Option (right to buy)^F6	$11.96	holding	—	—	—	—	May 11, 2019	Common Stock	299,600	299,600	D
Employee Stock Option (right to buy)^F7	$8.61	holding	—	—	—	—	Dec 15, 2021	Common Stock	369,000	369,000	D
Employee Stock Option (right to buy)^F8	$14.85	holding	—	—	—	—	Dec 18, 2024	Common Stock	383,600	383,600	D
Employee Stock Option (right to buy)^F9	$19.06	holding	—	—	—	—	Dec 17, 2025	Common Stock	196,700	196,700	D
Restricted Stock Units^F3,F10	—	holding	—	—	—	—	—	Common Stock	33,400	33,400	D
Restricted Stock Units^F3,F11	—	holding	—	—	—	—	—	Common Stock	693,048	693,048	D
Restricted Stock Units^F3,F12	—	holding	—	—	—	—	—	Common Stock	35,700	35,700	D
Employee Stock Option (right to buy)^F13	$14.00	holding	—	—	—	—	May 14, 2020	Common Stock	315,500	315,500	D
Employee Stock Option (right to buy)^F14	$11.64	holding	—	—	—	—	Dec 3, 2023	Common Stock	286,500	286,500	D
Employee Stock Option (right to buy)^F15	$9.43	holding	—	—	—	—	Dec 15, 2022	Common Stock	416,700	416,700	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 dated May 14, 2009, the reporting person received a grant of 33,400 stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.
F11As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. A total of 8,752 shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting.
F12As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
F13As reported on a Form 4 dated May 18, 2010, the reporting person received a grant of 315,500 stock options which vest in three equal annual installments beginning May 14, 2011.
F14As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 286,500 stock options. These stock options vest in three equal installments beginning December 3, 2014.
F15As reported on a Form 4 dated January 2, 2013, the reporting person received a grant of 416,700 stock options on December 28, 2012. These stock options vest in three equal installments beginning December 15, 2013.
F2Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F3Each 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.
F4As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 17,800 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2016.
F5As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 33,100 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2015.
F6As reported on a Form 4 dated May 14, 2009, the reporting person received a grant for 299,600 stock options that vest in three equal annual installments beginning on May 12, 2010.
F7As reported on a Form 4 dated December 20, 2011, the reporting person received a grant of 369,000 stock options that vest in three equal annual installments beginning on December 15, 2012.
F8As reported on a Form 4 dated December 19, 2014, the reporting person received a grants of 383,600 stock options. These options vest in three equal annual installments beginning December 10, 2015.
F9As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016.