SEC Form 4 · accession 0001225208-16-035722

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

Jun 27, 2016

Accepted (ET)

Jun 29, 2016 · 2:00 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 Stock	Jun 27, 2016	J	550	$0.00	A	8,518	D
Common Stock	Jun 27, 2016	F	186	$12.59	D	8,332	D
Common Stock^F2	Jun 27, 2016	J	550	$0.00	D	0	I	Restricted Stock I
Common Stock	holding	—	—		—	15,521	I	By KSOP
Common Stock^F3	holding	—	—		—	9,000	I	Restricted Stock IX
Common Stock^F4	holding	—	—		—	1,540	I	Restricted Stock V
Common Stock^F5	holding	—	—		—	2,640	I	Restricted Stock VI
Common Stock^F6	holding	—	—		—	6,599	I	Restricted Stock VII
Common Stock^F7	holding	—	—		—	8,500	I	Restricted Stock VIII
Common Stock^F8	holding	—	—		—	160,000	I	Restricted Stock X

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)^F9	$8.40	holding	—	—	—	—	Jan 17, 2023	Common Stock	38,496	38,496	D
Stock Option (Right to Buy)^F10	$11.41	holding	—	—	—	—	Feb 6, 2025	Common Stock	22,186	22,186	D
Stock Option (Right to Buy)^F11	$10.77	holding	—	—	—	—	Feb 20, 2024	Common Stock	38,496	38,496	D
Stock Option (Right to Buy)^F12	$8.30	holding	—	—	—	—	Mar 23, 2022	Common Stock	43,996	43,996	D
Stock Option (Right to Buy)^F13	$7.46	holding	—	—	—	—	Jun 27, 2021	Common Stock	2,749	2,749	D

Explanation of responses

F1Since the reporting person's last report, 550 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 February 6, 2016, the first anniversary of the date of the grant.
F11Stock 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.
F12Stock 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.
F13Stock options are fully vested and exercisable.
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 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.
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 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.
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 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.
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 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.
F7These 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.
F8Shares 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.
F9Stock 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.