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Filing Details

Accession Number:
0001225208-17-005237
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-02 14:28:08
Reporting Period:
2017-03-01
Filing Date:
2017-03-02
Accepted Time:
2017-03-02 14:28:08
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-03-01 65,994 $8.40 83,430 No 4 M Direct
Common Stock Acquisiton 2017-03-01 17,504 $8.30 100,934 No 4 M Direct
Common Stock Disposition 2017-03-01 83,498 $16.67 17,436 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2017-03-01 65,994 $0.00 65,994 $8.40
Common Stock Stock Option (Right to Buy) Disposition 2017-03-01 17,504 $0.00 17,504 $8.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
16,498 2023-01-17 No 4 M Direct
16,498 2022-03-23 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 23,185 Indirect By IRA
Common Stock 26,265 Indirect By KSOP
Common Stock 35,000 Indirect Restricted Stock IX
Common Stock 4,400 Indirect Restricted Stock V
Common Stock 4,400 Indirect Restricted Stock VI
Common Stock 8,800 Indirect Restricted Stock VII
Common Stock 31,000 Indirect Restricted Stock VIII
Common Stock 498,000 Indirect Restricted Stock X
Common Stock 22,707 Indirect Restricted Stock XI
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Stock Option (Right to Buy) $10.77 2024-02-20 82,492 82,492 Direct
Common Stock Stock Option (Right to Buy) $11.41 2025-02-06 47,541 47,541 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-20 82,492 82,492 Direct
2025-02-06 47,541 47,541 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.50 to $16.80, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. Of the 22,707 shares granted 13,624 shares will fully vest on January 26, 2020 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 9,083 shares are subject to vesting in 3 equal annual installments with the first 33 1/3% vesting on January 26, 2018, the first anniversary of the date of the award.
  9. 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.
  10. 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.
  11. 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.
  12. 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.