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TFS Financial CORP Director's Dealing 2017

May 31, 2017

31194_dirs_2017-05-31_f3aaa879-5431-4592-9360-5a268e75bded.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2017-05-28

Reporting Person: Zbanek Cathy W (Chief Mkting Off of subsidiary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-05-28 Common Stock M 4080 Acquired 24868 Direct
2017-05-28 Common Stock F 2000 $15.91 Disposed 22868 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-05-28 Restricted Stock Units $ M 4080 Disposed Common Stock (4080.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6090 Indirect
Common Stock 5362 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $19.31 2026-12-15 Common Stock (79400.0) 79400 Direct
Restricted Stock Units $ Common Stock (3000.0) 3000 Direct
Employee Stock Option (right to buy) $11.95 2019-08-10 Common Stock (25000.0) 25000 Direct
Employee Stock Option (right to buy) $19.06 2025-12-17 Common Stock (49200.0) 49200 Direct
Employee Stock Option (right to buy) $14.81 2025-05-28 Common Stock (108300.0) 108300 Direct
Employee Stock Option (right to buy) $11.64 2023-12-03 Common Stock (28700.0) 28700 Direct
Restricted Stock Units $ Common Stock (1100.0) 1100 Direct
Employee Stock Option (right to buy) $8.61 2021-12-19 Common Stock (40000.0) 40000 Direct
Restricted Stock Units $ Common Stock (5800.0) 5800 Direct
Employee Stock Option (right to buy) $14.85 2024-12-18 Common Stock (32400.0) 32400 Direct

Footnotes

F1: These common shares were acquired upon the vesting and settlement of certain restricted stock units.

F2: These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.

F3: Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

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 a Form 4 dated May 29, 2015, the reporting person received a grant of 20,400 Restricted Stock Units ("RSUs") on May 28, 2015. These RSUs vest in five equal annual installments beginning on May 28, 2016.

F6: On December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.

F7: As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 4,500 Restricted Stock Units ("RSUs") on December 15, 2015. These RSUs vest in three equal annual installments beginning December 10, 2016.

F8: The reporting person received a grant of 25,000 stock options on March 12, 2009. These stock options vest in three equal annual installments beginning August 11, 2011.

F9: As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.

F10: As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 108,300 stock options on May 28, 2015. These stock options vest in five equal annual installments beginning May 28, 2016.

F11: As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 28,700 stock options. These stock options vest in three equal installments beginning December 3, 2014.

F12: As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 3,300 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2015.

F13: The reporting person received a grant of 40,000 stock options on December 19, 2011 which vest 100% on December 15, 2014.

F14: On December 15, 2016, the reporting person received a grant of 5,800 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2017.

F15: As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 32,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2015.