TFS Financial CORP — Director's Dealing 2011

Aug 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2011-08-11

Reporting Person: Huml Paul J (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-11	Common Stock	M	20000	—	Acquired	22000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-11	Restricted Stock Units	$	M	20000	Disposed		Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	1000	Indirect
Common Stock	35489	Indirect
Common Stock	0	Indirect
Common Stock	225	Indirect
Common Stock	4700	Indirect
Common Stock	3746	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$11.74	2018-08-10	Common Stock (50000)	50000	Direct

Footnotes

F1: As reported on the Form 4 filed August 13, 2008, the restricted stock units vested on August 11, 2011, the third anniversary of the date of the grant.

F2: Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

F3: The Reportable Person no longer has a reportable beneficial interest in 1,000 shares of common stock owned by his daughter and included in the Reporting Person's prior ownership reports.

F4: 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.

F5: As reported on Form 4 filed 8/13/2008, the reporting person received options to purchase 50,000 shares, which vest in three equal annual installments beginning on August 11, 2011.