SEC Form 4 · accession 0001225208-16-024518

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 17, 2016

Accepted (ET)

Jan 20, 2016 · 4:11 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 17, 2016	J	2,639	$0.00	A	7,919	D
Common Stock	Jan 17, 2016	F	1,074	$12.84	D	6,845	D
Common Stock^F2	Jan 17, 2016	J	2,639	$0.00	D	1,760	I	Restricted Stock VI
Common Stock	holding	—	—		—	6,000	I	By IRA
Common Stock	holding	—	—		—	7,023	I	By KSOP
Common Stock^F3	holding	—	—		—	880	I	Restricted Stock I
Common Stock^F4	holding	—	—		—	4,399	I	Restricted Stock VII
Common Stock^F5	holding	—	—		—	8,500	I	Restricted Stock VIII

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	$8.40	holding	—	—	—	—	Jan 17, 2023	Common Stock	32,997	32,997	D
Stock Option (Right to Buy)^F7	$11.41	holding	—	—	—	—	Feb 6, 2025	Common Stock	19,016	19,016	D
Stock Option (Right to Buy)^F8	$10.77	holding	—	—	—	—	Feb 20, 2024	Common Stock	32,997	32,997	D
Stock Option (Right to Buy)^F9	$8.01	holding	—	—	—	—	Jul 18, 2022	Common Stock	13,748	13,748	D

Explanation of responses

F1Since the reporting person's last report, 2,639 shares of restricted stock have vested and are now held directly.
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 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.
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 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.
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.
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 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.
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 6, 2016, 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 July 18, 2013, the first anniversary of the date of the grant.