TFS Financial CORP 4
4 · TFS Financial CORP · Filed Aug 12, 2013
Insider Transaction Report
Form 4
Stefanik Paul W
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-08-11−10,000→ 0 total→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2013-08-11+10,000→ 70,000 total(indirect: By Trust)
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 August 29, 2012, 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.