Home > Insider Trading > Filing (0001225208-19-004077)

Filing Details

Accession Number:: 0001225208-19-004077
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-01 14:48:34
Reporting Period:: 2019-02-28

Accepted Time:: 2019-03-01 14:48:34
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	Explanation
Common Stock	Disposition	2019-02-28	170,000	$16.02	55,689	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
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	31,084	Indirect	By KSOP
Common Stock	14,000	Indirect	Restricted Stock IX
Common Stock	6,200	Indirect	Restricted Stock VIII
Common Stock	166,000	Indirect	Restricted Stock X
Common Stock	16,652	Indirect	Restricted Stock XI
Common Stock	22,406	Indirect	Restricted Stock XII

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)	$8.30	2022-03-23	16,498	16,498	Direct
Common Stock	Stock Option (Right to Buy)	$8.40	2023-01-17	16,498	16,498	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)	$11.41	2025-02-06	47,541	47,541	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-03-23	16,498	16,498	Direct
2023-01-17	16,498	16,498	Direct
2024-02-20	82,492	82,492	Direct
2025-02-06	47,541	47,541	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.96 to $16.10, inclusive. The reporting person undertakes to provide to Beneficial Bancorp, Inc., any security holder of Beneficial Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.
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 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.
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.
Of the 25,853 shares granted 15,512 shares will fully vest on January 25, 2021 upon the satisfaction of company performance criteria related to credit quality, return on average assets and total shareholder return. The remaining 10,341 shares are subject to vesting in 3 equal annual installments with the first 33 1/3% vesting on January 25, 2019, the first anniversary of the date of the award.
Stock options are fully vested and exercisable.
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.