SEC Form 4 · accession 0001225208-15-001352

Beneficial Bancorp Inc. · BNCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Pam Cyr

Officer — EVP & CRBO

Period of report

Jan 12, 2015

Accepted (ET)

Jan 14, 2015 · 7:37 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001615418

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jan 12, 2015	J	4,399	$0.00	A	4,399	D
Common Stock	Jan 12, 2015	P	6,000	$10.00	A	6,000	I	By IRA
Common Stock	Jan 12, 2015	P	4,448	$10.00	A	4,448	I	By KSOP
Common Stock	Jan 12, 2015	J	2,575	$0.00	A	7,023	I	By KSOP
Common Stock^F2	Jan 12, 2015	J	2,199	$0.00	A	2,199	I	Restricted Stock I
Common Stock^F3	Jan 12, 2015	J	4,399	$0.00	A	4,399	I	Restricted Stock VI
Common Stock^F4	Jan 12, 2015	J	4,399	$0.00	A	4,399	I	Restricted Stock VII

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F5,F6	$8.40	Jan 12, 2015	J	32,997	A	—	Jan 17, 2023	Common Stock	32,997	32,997	D
Stock Option (Right to Buy)^F5,F7	$10.77	Jan 12, 2015	J	32,997	A	—	Feb 20, 2024	Common Stock	32,997	32,997	D
Stock Option (Right to Buy)^F5,F8	$8.01	Jan 12, 2015	J	13,748	A	—	Jul 18, 2022	Common Stock	13,748	13,748	D

Explanation of responses

F1Pursuant to the Plan of Conversion and Reorganization of Beneficial Savings Bank MHC, Beneficial Mutual Bancorp, Inc. and Beneficial Mutual Savings Bank, each share of common stock of Beneficial Mutual Bancorp was exchanged for 1.0999 shares of Beneficial Bancorp, Inc. common stock.
F2These 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 July 18, 2015, the third anniversary of the date of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
F3These 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.
F4These 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.
F5Pursuant to the Plan of Conversion and Reorganization, each option to purchase a share of Beneficial Mutual Bancorp common stock was converted into an option to purchase 1.0999 shares of Beneficial Bancorp common stock, rounded down to the nearest share. The exercise price was determined by dividing the exercise price of the Beneficial Mutual Bancorp option by the 1.0999 exchange ratio with such quotient rounded up to the nearest whole cent. All such options continue to vest on their original terms.
F6Stock 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.
F7Stock 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.
F8Stock options vest in 5 equal annual installments with the first 20% vesting on July 18, 2013, the first anniversary of the date of the grant.

Remarks

cyr-poa.txt