SEC Form 4 · accession 0001225208-16-034909
Beneficial Bancorp Inc. · BNCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Donahue
Director
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 | 66,111 | $0.00 | A | 66,111 | I | Restricted Stock X |
| Common StockF2 | holding | — | — | — | 687 | I | Restricted Stock |
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)F3 | $13.11 | holding | — | — | — | — | Sep 17, 2025 | Common Stock | 2,750 | 2,750 | D |
Explanation of responses
- F1Shares of restricted stock vest in 3 annual installments with the first 33 1/3% vesting on June 9, 2017, the first anniversary of the date of the award, and the second and third installments vesting on January 9, 2018 and January 9, 2019, respectively.
- F2Shares of restricted stock vest in 5 equal annual installments beginning on September 17, 2016, the first anniversary of the date of the award.
- F3Stock options vest in 5 equal annual installments with the first 20% vesting on September 17, 2016, the first anniversary of the date of the grant.