X0303 4 2008-08-29 0001381668 TFS Financial CORP TFSL 0001434851 Asher Anthony J 7007 BROADWAY AVENUE CLEVELAND OH 44105 1 Common Stock 2008-08-29 4 P 0 20 12.15 A 16020 I By Spouse Common Stock 2008-11-28 4 P 0 14 12.75 A 3514 I By IRA Common Stock 2008-11-28 4 P 0 20 12.75 A 16040 I By Spouse Common Stock 2009-02-09 4 P 0 700 12.63 A 4214 I By IRA Common Stock 2009-02-27 4 P 0 25 11.71 A 4239 I By IRA Common Stock 2009-02-27 4 P 0 36 11.71 A 16076 I By Spouse Common Stock 2009-05-29 4 P 0 26 11.25 A 4265 I By IRA Common Stock 2009-05-29 4 P 0 38 11.25 A 16114 I By Spouse Common Stock 2009-08-28 4 P 0 38 11.35 A 16152 I By Spouse Common Stock 2009-08-28 4 P 0 26 11.35 A 4291 I By IRA Common Stock 2009-11-27 4 P 0 28 10.87 A 4319 I By IRA Common Stock 2009-11-27 4 P 0 104 10.87 A 16256 I By Spouse Common Stock 2010-02-26 4 P 0 23 12.87 A 4342 I By IRA Common Stock 2010-02-26 4 P 0 88 12.87 A 16344 I By Spouse Common Stock 2010-05-28 4 P 0 23 13.28 A 4365 I By IRA Common Stock 2010-05-28 4 P 0 86 13.28 A 16430 I By Spouse Common Stock 2011-04-25 5 G 0 E 2050 D 0 D Common Stock 2011-04-25 5 G 0 E 2050 A 18480 I By Spouse Common Stock 2011-04-25 5 G 0 E 3000 D 10000 D Common Stock 2011-04-25 5 G 0 E 3000 A 21480 I By Spouse Common Stock 2011-05-24 5 G 0 E 10000 D 0 D Common Stock 2011-05-24 5 G 0 E 10000 A 31480 I By Spouse Restricted Stock Units Common Stock 30000 30000 D These shares were purchased on behalf of the reporting person's wife by the reporting person's broker through a dividend reinvestment arrangement provided by the brokerage firm. These shares were purchased on behalf of the reporting person by the reporting person's broker through a dividend reinvestment arrangement provided by the brokerage firm. These shares were purchased by reporting person jointly with his wife on February 16, 2011. On April 25, 2011, the reporting person gifted these shares to his wife, who shares reporting person's household. These shares were purchased by the reporting person on May 30, 2008. On April 25, 2011, the reporting person gifted these shares to his wife, who shares the reporting person's household. On May 24, 2011, the reporting person gifted these shares to his wife, who shares reporting person's household. As reported on the Form 4 dated August 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. The first 20% and second 20% of these RSUs wested on August 11, 2009 and August 11, 2010, respectively, resulting in the issuance of 10,000 shares on both dates of TFS Financial Corporation common stock to the reporting person. The Restricted Stock Units vest 20% on each of the first through the fifth anniversaries of the date of the grant, which was August 11, 2008. Restricted Stock Units are entitled to dividend equivalent rights in the form of the cash payment in the amount of any cash dividend paid per share of common stock. /s/ Paul J. Huml, Pursuant to Power of Attorney 2011-05-24