TFS Financial CORP — Director's Dealing 2020

Dec 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TFS Financial CORP (TFSL)
CIK: 0001381668
Period of Report: 2020-12-17

Reporting Person: Motta Anna Maria P (Chief Information Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Restricted Stock Units	$	A	4200	Acquired		Common Stock (4200.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	91540	Direct
Common Stock	10492	Indirect
Common Stock	13889	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$15.08	2024-12-11	Common Stock (21000.0)	21000	Direct
Employee Stock Option (right to buy)	$14.74	2028-01-05	Common Stock (17000.0)	17000	Direct
Restricted Stock Units	$		Common Stock (1500.0)	1500	Direct
Performance Restricted Share Units	$		Common Stock (7650.0)	7650	Direct
Restricted Stock Units	$		Common Stock (2400.0)	2400	Direct

Footnotes

F1: Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

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 17, 2020, the reporting person received a grant of 4,200 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.

F4: As reported on a Form 4 dated December 15, 2014, the reporting person received a grant of 26,000 stock options. These stock options fully vest on December 10, 2017.

F5: On January 5, 2018, the reporting person received a grant of 17,000 stock options. These options fully vest on December 10, 2020.

F6: On December 20, 2018, the reporting person received a grant of 4,500 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.

F7: On November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 6,800 Performance Share Units ("PSUs"), resulting in a total earned award of 7,650 shares. This represents the final determination of a December 20, 2018 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2020. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and 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 during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2021.

F8: On December 19, 2019, the reporting person received a grant of 3,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2020