SEC Form 4 · accession 0001381668-16-000296
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Huffman
Officer — Chief Financial Officer
Period of report
Dec 10, 2016
Accepted (ET)
Dec 13, 2016 · 1:49 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 10, 2016 | M | 1,500 | $0.00 | A | 14,363 | D | |
| Common StockF1 | Dec 10, 2016 | M | 1,100 | $0.00 | A | 15,463 | D | |
| Common StockF2 | Dec 10, 2016 | F | 1,209 | $19.83 | D | 14,254 | D | |
| Common Stock | holding | — | — | — | 45,175 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 6,523 | I | By ESOP | |
| Common StockF3 | holding | — | — | — | 55,878 | 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 10, 2016 | M | 1,500 | D | — | — | Common Stock | 1,500 | 3,000 | D |
| Restricted Stock UnitsF4,F6 | — | Dec 10, 2016 | M | 1,100 | D | — | — | Common Stock | 1,100 | 1,100 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock | 3,600 | 3,600 | D |
| Employee Stock Option (right to buy)F8 | $14.81 | holding | — | — | — | — | May 28, 2025 | Common Stock | 86,640 | 86,640 | D |
| Employee Stock Option (right to buy)F9 | $14.85 | holding | — | — | — | — | Dec 18, 2024 | Common Stock | 21,600 | 21,600 | D |
| Employee Stock Option (right to buy)F10 | $11.64 | holding | — | — | — | — | Dec 3, 2023 | Common Stock | 9,567 | 9,567 | D |
| Restricted Stock UnitsF4,F11 | — | holding | — | — | — | — | — | Common Stock | 4,200 | 4,200 | D |
| Employee Stock Option (right to buy)F12 | $19.06 | holding | — | — | — | — | Dec 17, 2025 | Common Stock | 49,200 | 49,200 | D |
| Restricted Stock UnitsF4,F13 | — | holding | — | — | — | — | — | Common Stock | 16,320 | 16,320 | D |
| Restricted Stock UnitsF4,F14 | — | holding | — | — | — | — | — | Common Stock | 33,605 | 33,605 | 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 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. The reporting person previously exercised 19,133 of these stock options.
- F11As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 4,200 Restricted Stock Units ("RSUs") that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
- F12As 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.
- F13As 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.
- F14As reported on a Form 4 dated August 13, 2008, the reporting person was granted 35,100 restricted stock units that 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 that person's termination of employment with TFS Financial Corporation. 1,495 shares were delivered to the issuer on June 25, 2014 to pay for applicable tax due upon vesting.
- 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 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.
- F6As 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.
- F7As reported on a Form 4 dated May 18, 2010, the reporting person received a grant of 3,600 restricted stock units ("RSUs") 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 from TFS Financial Corporation.
- 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. The reporting person previously exercised 21,660 of these stock options.
- 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. The reporting person previously exercised 10,800 of these stock options.