SEC Form 4 · accession 0001381668-16-000298

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

Dec 10, 2016

Accepted (ET)

Dec 13, 2016 · 1:51 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	1,500	$0.00	A	25,887	D
Common Stock^F1	Dec 10, 2016	M	1,100	$0.00	A	26,987	D
Common Stock^F2,F3	Dec 10, 2016	F	1,274	$19.83	D	25,713	D
Common Stock^F3	Dec 12, 2016	S	1,326	$19.65	D	24,387	D
Common Stock	holding	—	—		—	4,700	I	By Spouse's Ira
Common Stock	holding	—	—		—	2,000	I	Child 2
Common Stock^F4	holding	—	—		—	37,595	I	By 401(k)
Common Stock^F4	holding	—	—		—	6,313	I	ESOP

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^F5,F6	—	Dec 10, 2016	M	1,500	D	—	—	Common Stock	1,500	3,000	D
Restricted Stock Units^F5,F7	—	Dec 10, 2016	M	1,100	D	—	—	Common Stock	1,100	1,100	D
Restricted Stock Units^F5,F8	—	holding	—	—	—	—	—	Common Stock	16,320	16,320	D
Employee Stock Option (right to buy)^F9	$14.81	holding	—	—	—	—	May 28, 2025	Common Stock	108,300	108,300	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	40,000	40,000	D
Employee Stock Option (right to buy)^F12	$19.06	holding	—	—	—	—	Dec 17, 2025	Common Stock	49,200	49,200	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 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.
F11The reporting person received a grant of 40,000 stock options that vest 100% on December 15, 2014.
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.
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.
F4Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
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 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.
F8As 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.
F9As 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.