SEC Form 4 · accession 0001381668-17-000079
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith Z Adam
Officer — Chief Risk Off of Subsidiary
Period of report
Dec 10, 2017
Accepted (ET)
Dec 11, 2017 · 3:08 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, 2017 | M | 13,000 | $0.00 | A | 42,414 | D | |
| Common StockF2 | holding | — | — | — | 6,989 | I | ESOP | |
| Common StockF2 | holding | — | — | — | 39,822 | I | 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 UnitsF3,F4 | — | Dec 10, 2017 | M | 13,000 | D | — | — | Common Stock | 13,000 | 0 | D |
| Employee Stock Option (right to buy)F5 | $8.61 | holding | — | — | — | — | Dec 19, 2021 | Common Stock | 40,000 | 40,000 | D |
| Employee Stock Option (right to buy)F6 | $15.08 | holding | — | — | — | — | Dec 11, 2024 | Common Stock | 26,000 | 26,000 | D |
| Employee Stock Option (right to buy)F7 | $11.74 | holding | — | — | — | — | Aug 10, 2018 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1These common shares were acquired upon the vesting and settlement of certain restricted stock units.
- 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.
- F4On December 11, 2014, the reporting person received a grant of 13,000 Restricted Stock Units ("RSUs") that fully vest on December 10, 2017.
- F5On December 19, 2011, the reporting person received a grant of 40,000 stock options, which vest 100% on December 15, 2014.
- F6On December 11, 2014, the reporting person received a grant of 26,000 stock options. These stock options vest on December 10, 2017.
- F7The reporting person received a grant of 50,000 stock options that vested in three equal annual installments beginning on August 11, 2011.