SEC Form 4 · accession 0001381668-18-000106
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
III Ben S Stefanski
Officer — Secretarry · Director
Period of report
Dec 10, 2018
Accepted (ET)
Dec 11, 2018 · 1:20 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 | Dec 10, 2018 | M | 3,600 | $0.00 | A | 52,300 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 10, 2018 | M | 3,600 | D | — | — | Common Stock | 3,600 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | holding | — | — | — | — | — | Common Stock | 17,000 | 17,000 | D |
| Employee Stock Option (right to buy)F4 | $16.37 | holding | — | — | — | — | Jan 5, 2028 | Common Stock | 17,000 | 17,000 | D |
Explanation of responses
- F1Each 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.
- F2As reported on a Form 4 dated December 15, 2017, the reporting person received a grant of 3,600 Restricted Stock Units ("RSUs"). These RSUs fully vest on December 10, 2018.
- F3On July 23, 2018, the reporting person received a grant of 17,000 Restricted Stock Units (RSUs). These RSUs vest on December 10, 2020
- F4On July 23, 2018, the reporting person received a grant of 17,000 stock options. These options vest December 10, 2020