Filing Details
- Accession Number:
- 0001381668-14-000044
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-04 10:32:17
- Reporting Period:
- 2014-06-02
- Filing Date:
- 2014-06-04
- Accepted Time:
- 2014-06-04 10:32:17
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1381668 | Tfs Financial Corp | TFSL | Savings Institution, Federally Chartered (6035) | 522054948 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1530942 | C Terence Paulett | 7007 Broadway Avenue Cleveland OH 44105 | Chief Risk Off Of Subsidiary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2014-06-02 | 50,000 | $11.74 | 50,000 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-06-02 | 45,649 | $13.47 | 4,351 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2014-06-02 | 4,351 | $13.37 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-06-02 | 13,900 | $9.43 | 13,900 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2014-06-02 | 11,064 | $13.47 | 2,836 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2014-06-02 | 2,836 | $13.37 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2014-06-02 | 50,000 | $0.00 | 50,000 | $11.74 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2014-06-02 | 13,900 | $0.00 | 13,900 | $9.43 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-08-10 | No | 4 | M | Direct | |
| 27,800 | 2022-12-15 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 17,482 | Direct | |
| Common Stock | 5,725 | Indirect | By 401(k) |
| Common Stock | 5,328 | Indirect | By ESOP |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | $11.64 | 2023-12-03 | 28,700 | 28,700 | Direct | |
| Common Stock | Restricted Stock Units | $0.00 | 3,867 | 3,867 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 20,000 | 20,000 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 4,200 | 4,200 | Direct | ||
| Common Stock | Employee Stock Option (right to buy) | $8.61 | 2021-12-14 | 40,000 | 40,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2023-12-03 | 28,700 | 28,700 | Direct |
| 3,867 | 3,867 | Direct | |
| 20,000 | 20,000 | Direct | |
| 4,200 | 4,200 | Direct | |
| 2021-12-14 | 40,000 | 40,000 | Direct |
Footnotes
- Corresponds to the exercise price of the stock options.
- Represents shares of common stock delivered to the issuer in payment by the reporting person of the options exercise price and withholding tax. This transaction is exempt under Rule 16b-3(e).
- Shares are held with shared voting power with spouse.
- Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- The reporting person received a grant of 50,000 stock options that vest in three equal annual installments beginning August 11, 2011. The reporting person exercised 50,000 of his stock options on June 2, 2014.
- The reporting person received a grant of 41,700 stock options on December 28, 2012. These stock options vest in three equal installments beginning December 15, 2013. The reporting person exercised 13,900 of his stock options on June 2, 2014.
- As 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.
- Each 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.
- The reporting person received a grant of 5,800 restricted stock units ("RSU's") on December 28, 2012. These RSU's vest in three equal annual installments beginning December 15, 2013.
- The reporting person received a grant of 20,000 restricted stock units on December 19, 2011, which vest 100% on December 15, 2014.
- As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 4,200 restricted stock units 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.
- The reporting person received a grant of 40,000 stock options on December 19, 2011, which vest 100% on December 15, 2014.
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