SEC Form 4 · accession 0001225208-16-024519
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin F Gallagher Jr.
Officer — EVP & Chief Lending Officer
Period of report
Jan 17, 2016
Accepted (ET)
Jan 20, 2016 · 4:12 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 | 3,959 | $0.00 | A | 8,505 | D | |
| Common Stock | Jan 17, 2016 | F | 1,554 | $12.84 | D | 6,951 | D | |
| Common StockF2 | Jan 17, 2016 | J | 3,959 | $0.00 | D | 2,640 | I | Restricted Stock VI |
| Common Stock | holding | — | — | — | 14,026 | I | By KSOP | |
| Common StockF3 | holding | — | — | — | 550 | I | Restricted Stock I | |
| Common StockF4 | holding | — | — | — | 3,080 | I | Restricted Stock V | |
| Common StockF5 | holding | — | — | — | 6,599 | I | Restricted Stock VII | |
| Common StockF6 | 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)F7 | $8.40 | holding | — | — | — | — | Jan 17, 2023 | Common Stock | 38,496 | 38,496 | D |
| Stock Option (Right to Buy)F8 | $11.41 | holding | — | — | — | — | Feb 6, 2025 | Common Stock | 22,186 | 22,186 | D |
| Stock Option (Right to Buy)F9 | $10.77 | holding | — | — | — | — | Feb 20, 2024 | Common Stock | 38,496 | 38,496 | D |
| Stock Option (Right to Buy)F10 | $8.30 | holding | — | — | — | — | Mar 23, 2022 | Common Stock | 43,996 | 43,996 | D |
| Stock Option (Right to Buy)F11 | $7.46 | holding | — | — | — | — | Jun 27, 2021 | Common Stock | 2,749 | 2,749 | D |
Explanation of responses
- F1Since the reporting person's last report, 3,959 shares of restricted stock have vested and are now held directly.
- F10Stock 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.
- F11Stock 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 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 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.
- 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 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.
- 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.
- F6These 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.
- 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 6, 2016, 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.