SEC Form 4 · accession 0001225208-15-003239

Beneficial Bancorp Inc. · BNCL

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

Reporting owner

Martin F Gallagher Jr.

Officer — EVP & Chief Credit Officer

Period of report

Feb 6, 2015

Accepted (ET)

Feb 9, 2015 · 5:53 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^F1	Feb 6, 2015	A	8,500	$0.00	A	8,500	I	Restricted Stock VIII
Common Stock	holding	—	—		—	1,091	D
Common Stock	holding	—	—		—	14,026	I	By KSOP
Common Stock^F2	holding	—	—		—	1,100	I	Restricted Stock I
Common Stock^F3	holding	—	—		—	7,699	I	Restricted Stock V
Common Stock^F4	holding	—	—		—	6,599	I	Restricted Stock VI
Common Stock^F5	holding	—	—		—	6,599	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)^F6	$11.41	Feb 6, 2015	A	22,186	A	—	Feb 6, 2025	Common Stock	22,186	22,186	D
Stock Option (Right to Buy)^F7	$8.40	holding	—	—	—	—	Jan 17, 2023	Common Stock	38,496	38,496	D
Stock Option (Right to Buy)^F8	$10.77	holding	—	—	—	—	Feb 20, 2024	Common Stock	38,496	38,496	D
Stock Option (Right to Buy)^F9	$8.30	holding	—	—	—	—	Mar 23, 2022	Common Stock	43,996	43,996	D
Stock Option (Right to Buy)^F10	$7.46	holding	—	—	—	—	Jun 27, 2021	Common Stock	2,749	2,749	D

Explanation of responses

F1These 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.
F10Stock options vest in 5 equal annual installments with the first 20% vesting on June 27, 2012, the first anniversary of the date of the grant.
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 June 27, 2014, the third anniversary 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 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.
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 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.
F5These 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.
F6Stock 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.
F7Stock 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.
F8Stock 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.
F9Stock 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.