SEC Form 4 · accession 0001225208-15-001360

Beneficial Bancorp Inc. · BNCL

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

Reporting owner

Joseph J McLaughlin

Director

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	41,246	$0.00	A	41,246	D
Common Stock	Jan 12, 2015	P	5,000	$10.00	A	46,246	D
Common Stock	Jan 12, 2015	J	5,499	$0.00	A	5,499	I	By Spouse
Common Stock^F2	Jan 12, 2015	J	550	$0.00	A	550	I	Restricted Stock III
Common Stock^F3	Jan 12, 2015	J	1,100	$0.00	A	1,100	I	Restricted Stock IV
Common Stock^F4	Jan 12, 2015	J	1,650	$0.00	A	1,650	I	Restricted Stock V
Common Stock^F5	Jan 12, 2015	J	2,200	$0.00	A	2,200	I	Restricted Stock VI
Common Stock^F6	Jan 12, 2015	J	1,649	$0.00	A	1,649	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)^F7,F8	$8.40	Jan 12, 2015	J	10,999	A	—	Jan 17, 2023	Common Stock	10,999	10,999	D
Stock Option (Right to Buy)^F7,F9	$10.77	Jan 12, 2015	J	13,748	A	—	Feb 20, 2024	Common Stock	13,748	13,748	D
Stock Option (Right to Buy)^F7,F10	$8.82	Jan 12, 2015	J	5,499	A	—	Mar 5, 2020	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F7,F11	$7.59	Jan 12, 2015	J	5,499	A	—	Mar 9, 2019	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F7,F12	$8.30	Jan 12, 2015	J	10,999	A	—	Mar 23, 2022	Common Stock	10,999	10,999	D
Stock Option (Right to Buy)^F7,F13	$7.62	Jan 12, 2015	J	5,499	A	—	May 27, 2021	Common Stock	5,499	5,499	D
Stock Option (Right to Buy)^F7,F11	$10.78	Jan 12, 2015	J	54,995	A	—	Aug 6, 2018	Common Stock	54,995	54,995	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.
F10Stock options vest in 5 equal annual installments with the first 20% vesting on March 5, 2011, the first anniversary of the date of the grant.
F11Stock options are fully vested and exercisable.
F12Stock 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.
F13Stock options vest in 5 equal annual installments with the first 20% vesting on May 27, 2012, the first anniversary of the date of the grant.
F2Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on March 5, 2011, the first anniversary of the date of the award.
F3Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on May 27, 2012, the first anniversary of the date of the award.
F4Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on March 23, 2013, the first anniversary of the date of the award.
F5Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on January 17, 2014, the first anniversary of the date of the award.
F6Shares of restricted stock vest in 5 equal annual installments with the first 20% vesting on February 20, 2015, the first anniversary of the date of the award.
F7Pursuant 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.
F8Stock 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.
F9Stock 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.

Remarks

mclaughlin-poa.txt