TFS Financial CORP — Director's Dealing 2010

Jul 22, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2009-09-30

Reporting Person: Asher Anthony J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-31	Common Stock	G	10000	—	Disposed	3000	Direct
2009-08-31	Common Stock	G	10000	—	Acquired	16000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (40000)	40000	Direct

Footnotes

F1: 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.

F2: The Restricted Stock Units vest 20% on each of the first through the fifth anniversaries of the date of the grant. 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.

F3: These shares were issued to the reporting person on August 11, 2009 as a result of RSU's that vested. The reporting person gifted these shares to his wife, who shares reporting person's household, on August 31, 2009.

F4: This transaction should be coded as a G5.