TFS Financial CORP — Director's Dealing 2019

May 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2018-03-19

Reporting Person: Cohen Martin J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-19	Common Stock	L	69	$16.09	Acquired	1069	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	93800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (3500.0)	3500	Direct

Footnotes

F1: The purchases of 69 shares on this Form 4 were acquired in five separate quarterly transactions at an average cost of $16.09 through a Dividend Reinvestment Program administered by the reporting person's personal broker from March 19, 2018 through March 19, 2019, and the reporting person inadvertently failed to timely report the acquisition of such shares.

F2: 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.

F3: On December 20, 2018, the reporting person received a grant of 3,500 Restricted Stock Units (RSUs), which fully vest on December 10, 2019.