Kobak Bernard S 4
4 · TFS Financial CORP · Filed Aug 15, 2012
Insider Transaction Report
Form 4
Kobak Bernard S
DirectorEVP and Secretary
Transactions
- Exercise/Conversion
Common Stock
2012-08-11+10,000→ 10,000 total - Exercise/Conversion
Restricted Stock Units
2012-08-11−10,000→ 10,000 total→ Common Stock (10,000 underlying)
Holdings
- 60,000(indirect: By Trust)
Common Stock
- 25,000(indirect: By IRA)
Common Stock
- 55,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]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.
- [F2]10,000 shares, which were individually and directly owned by the reporting person, were contributed to the reporting person's trust on September 7, 2011, in which he is the trustee.
- [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.