Baird Thomas J 4
4 · TFS Financial CORP · Filed Aug 25, 2009
Insider Transaction Report
Form 4
Baird Thomas J
Director
Transactions
- Exercise/Conversion
Common Stock
2009-08-11+10,000→ 27,250 total - Exercise/Conversion
Restricted Stock Units
2009-08-11−10,000→ 40,000 total→ Common Stock (10,000 underlying)
Holdings
- 500(indirect: By Children)
Common Stock
- 500(indirect: By Children)
Common Stock
- 9,800(indirect: By IRA)
Common Stock
- 500(indirect: By Children)
Common Stock
- 500(indirect: By Children)
Common Stock
Footnotes (2)
- [F1]As reported on Form 4 dated 8/11/2008 and filed on August 13, 2008, the reporting person received a grant of 50,000 Restricted Stock Units ("RSUs") on August 11, 2008. The RSUs vest 20% on each of the first through the fifth anniversaries of the date of the grant. On each vesting date, for each Unit vesting on such date, the reporting person will receive one share of TFS Financial Corporation common stock, subject to tax withholding. On August 11, 2009, the first 20% of these RSUs vested, resulting in the issuance of 10,000 shares of TFS Financial Corporation common stock to the reporting person.
- [F2]The Restricted Stock Units vest 20% on each of the first through the fifth anniversaries of the date of the grant. 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.