SEC Form 4 · accession 0001225208-16-025343
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph V Canosa
Officer — SVP--Chief Credit Officer
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:41 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 StockF1 | Jan 28, 2016 | A | 5,000 | $0.00 | A | 5,000 | I | Restricted Stock IX |
| Common Stock | holding | — | — | — | 439 | I | By IRA | |
| Common StockF2 | holding | — | — | — | 3,068 | I | By KSOP | |
| Common StockF3 | holding | — | — | — | 6,500 | I | Restricted Stock VIII |
Table II — derivative securities
No Table II lines on this filing.
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 January 28, 2019, the third anniversary of the award, and thereafter, 20% of the shares each vest on the fourth and fifth anniversaries of the award.
- F2This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
- 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 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.