TFS Financial CORP — Director's Dealing 2011

Aug 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2011-08-23

Reporting Person: Asher Anthony J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-23	Common Stock	G	10000	—	Disposed	0	Direct
2011-08-23	Common Stock	G	10000	—	Acquired	41480	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4365	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (20000)	20000	Direct

Footnotes

F1: On August 23, 2011, the reporting person gifted these shares to his wife, who shares reporting person's household.

F2: As reported on a Form 4 filed August 13, 2008, the reporting person received a grant of 50,000 Restricted Stock Units ("RSUs") on August 11, 2008. On each annual vesting date, beginning on August 11, 2009 and ending August 11, 2013, 20% of the RSUs will vest which will result in the issuance of 10,000 shares of TFS Financial Corporation common stock to the reporting person.

F3: 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.