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Filing Details

Accession Number:: 0001225208-16-037719
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-08-11 10:14:28
Reporting Period:: 2016-08-10

Filing Date:: 2016-08-11
Accepted Time:: 2016-08-11 10:14:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1615418	Beneficial Bancorp Inc.	BNCL	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1396640	P Gerard Cuddy	1818 Market Street Philadelphia PA 19103	President & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2016-08-10	100	$14.49	38,581	No	4	S	Direct
Common Stock	Disposition	2016-08-10	100	$14.44	38,481	No	4	S	Direct
Common Stock	Disposition	2016-08-10	100	$14.42	38,381	No	4	S	Direct
Common Stock	Disposition	2016-08-10	300	$14.43	38,081	No	4	S	Direct
Common Stock	Disposition	2016-08-10	500	$14.45	37,581	No	4	S	Direct
Common Stock	Disposition	2016-08-10	700	$14.37	36,881	No	4	S	Direct
Common Stock	Disposition	2016-08-10	915	$14.32	35,966	No	4	S	Direct
Common Stock	Disposition	2016-08-10	1,100	$14.40	34,866	No	4	S	Direct
Common Stock	Disposition	2016-08-10	1,100	$14.36	33,766	No	4	S	Direct
Common Stock	Disposition	2016-08-10	1,396	$14.48	32,370	No	4	S	Direct
Common Stock	Disposition	2016-08-10	1,403	$14.46	30,967	No	4	S	Direct
Common Stock	Disposition	2016-08-10	1,530	$14.41	29,437	No	4	S	Direct
Common Stock	Disposition	2016-08-10	2,000	$14.34	27,437	No	4	S	Direct
Common Stock	Disposition	2016-08-10	2,000	$14.33	25,437	No	4	S	Direct
Common Stock	Disposition	2016-08-10	2,252	$14.47	23,185	No	4	S	Direct
Common Stock	Disposition	2016-08-10	4,084	$14.38	19,101	No	4	S	Direct
Common Stock	Disposition	2016-08-10	4,500	$14.35	14,601	No	4	S	Direct
Common Stock	Disposition	2016-08-10	5,920	$14.39	8,681	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	23,185	Indirect	By IRA
Common Stock	24,721	Indirect	By KSOP
Common Stock	16,498	Indirect	Performance Award II
Common Stock	35,000	Indirect	Restricted Stock IX
Common Stock	4,400	Indirect	Restricted Stock V
Common Stock	8,800	Indirect	Restricted Stock VI
Common Stock	21,998	Indirect	Restricted Stock VII
Common Stock	31,000	Indirect	Restricted Stock VIII
Common Stock	498,000	Indirect	Restricted Stock X

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$8.40	2023-01-17	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$11.41	2025-02-06	47,541	47,541	Direct
Common Stock	Stock Option (Right to Buy)	$10.77	2024-02-20	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$8.82	2020-03-05	16,498	16,498	Direct
Common Stock	Stock Option (Right to Buy)	$7.59	2019-03-09	16,498	16,498	Direct
Common Stock	Stock Option (Right to Buy)	$8.30	2022-03-23	82,492	82,492	Direct
Common Stock	Stock Option (Right to Buy)	$7.62	2021-05-27	32,997	32,997	Direct
Common Stock	Stock Option (Right to Buy)	$10.78	2018-08-06	219,980	219,980	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-01-17	82,492	82,492	Direct
2025-02-06	47,541	47,541	Direct
2024-02-20	82,492	82,492	Direct
2020-03-05	16,498	16,498	Direct
2019-03-09	16,498	16,498	Direct
2022-03-23	82,492	82,492	Direct
2021-05-27	32,997	32,997	Direct
2018-08-06	219,980	219,980	Direct

Footnotes

The award represents shares of restricted stock which vest accordingly: if during the performance measurement period (beginning with the 12 months ended December 31, 2011 and ending with the 12 months ended December 31, 2015), the Company achieves a rate of return on average assets ("ROAA") of not less than 1% during any of those 12-month periods, then shares will begin to vest in 5 equal annual installments commencing on May 27, 2013. However, if the Company does not achieve an ROAA of not less than 1% by December 31, 2016, the performance requirement for vesting purposes will be that the Company must be ranked in the top quartile of the SNL index of thrifts nationwide with assets between $1 billion and $10 billion based on ROAA (the "SNL Index") for the 2015 fiscal year. In the event the Company is not in the top quartile of the SNL Index based on upon the Company's fiscal 2016 financial performance, then all shares subject to this award will be forfeited.
These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on January 28, 2019, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on March 23, 2015, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on January 17, 2016, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on February 20, 2017, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
These restricted shares are subject to a three-year cliff vesting schedule whereby no shares vest on the first and second anniversaries of the award, 60% of the shares vest on February 06, 2018, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award.
Stock options vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the grant.
Stock options vest in 5 equal annual installments with the first 20% vesting on February 6, 2016, the first anniversary of the date of the grant.
Stock options vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the grant.
Stock options are fully vested and exercisable.
Stock options vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the grant.