SEC Form 4 · accession 0001381668-18-000081
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
Aug 8, 2018
Accepted (ET)
Aug 9, 2018 · 3:49 pm EDT
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 | Aug 8, 2018 | M | 50,000 | $0.00 | A | 92,414 | D | |
| Common StockF2 | Aug 8, 2018 | F | 41,536 | $15.51 | D | 50,878 | D | |
| Common StockF3 | holding | — | — | — | 7,673 | I | ESOP | |
| Common StockF3 | holding | — | — | — | 43,858 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $11.74 | Aug 8, 2018 | M | 50,000 | D | — | Aug 10, 2018 | Common Stock | 50,000 | 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 |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Common Stock | 17,000 | 17,000 | D |
| Employee Stock Option (right to buy)F9 | $14.74 | holding | — | — | — | — | Jan 5, 2028 | Common Stock | 17,000 | 17,000 | D |
Explanation of responses
- F1These common shares were acquired upon the vesting and settlement of certain stock options.
- F2These common shares were delivered to the issuer to pay the option's exercise price and applicable tax due upon vesting of certain stock options.
- F3Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F4The reporting person received a grant of 50,000 stock options that vested in three equal annual installments beginning on August 11, 2011.
- F5The reporting person received a grant of 40,000 stock options on December 19, 2011 which vested 100% on December 15, 2014.
- F6As reported on a Form 4 dated December 15, 2014, the reporting person received a grant of 26,000 stock options. These stock options fully vested on December 10, 2017.
- F7Each 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.
- F8On January 5, 2018, the reporting person received a grant of 17,000 Restricted Stock Units ("RSUs"). These RSUs fully vest on December 10, 2020.
- F9On January 5, 2018, the reporting person received a grant of 17,000 stock options. These options fully vest on December 10, 2020.