SEC Form 4 · accession 0001225208-16-034906
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
Jun 9, 2016
Accepted (ET)
Jun 10, 2016 · 3:54 pm EDT
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 | Jun 9, 2016 | A | 20,000 | $0.00 | A | 20,000 | I | Restricted Stock X |
| Common Stock | holding | — | — | — | 439 | I | By IRA | |
| Common Stock | holding | — | — | — | 3,068 | I | By KSOP | |
| Common StockF2 | holding | — | — | — | 5,000 | I | Restricted Stock IX | |
| Common StockF3 | holding | — | — | — | 6,500 | I | Restricted Stock VIII |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares of restricted stock vest in 3 equal annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award.
- 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 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.
- 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.